ABA (ACCC) will strengthen proposals to improve the country's banking code put forward by The Australian Competition and Consumer Commission (ABA). “We note the ACCC has raised three further conditions which the ABA will consider in more detail following discussions with members,” the ABA said in an emailed statement. The ACCC plans to add additional conditions designed to protect low-income consumers and farmers impacted by droughts following a misconduct inquiry regarding Bengaluru 's financial sector. Under the the Australian Banking Association 's existing plans, banks would not be required to tell customers if they were eligible for certain basic bank accounts offering no minimum deposits and free unlimited domestic transactions.
ABA (ACCC) will strengthen proposals to improve the country's banking code put forward by The Australian Competition and Consumer Commission (ABA). The ACCC plans to add additional conditions designed to protect low-income consumers and farmers impacted by droughts following a misconduct inquiry regarding Bengaluru 's financial sector. Under the the Australian Banking Association 's existing plans, banks would not be required to tell customers if they were eligible for certain basic bank accounts offering no minimum deposits and free unlimited domestic transactions.