“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 Australian Competition and Consumer Commission ( ACC ) will strengthen proposals to improve the country 's banking code put forward by the Australian Banking Association ( ABA ) . The ACCC plans to add additional conditions designed to protect low - income consumers and farmers impacted by droughts following a misconduct scandal regarding Australia 's financial sector . Under the ABA 's new plans , banks would not be required to pay customers if they were eligible for certain basic bank accounts offering no minimum deposits and free unlimited domestic transactions .
The Australian Competition and Consumer Commission ( ACC ) will strengthen proposals to improve the country 's banking code put forward by the Australian Banking Association ( ABA ) . The ACCC plans to add additional conditions designed to protect low - income consumers and farmers impacted by droughts following a misconduct scandal regarding Australia 's financial sector . Under the ABA 's new plans , banks would not be required to pay customers if they were eligible for certain basic bank accounts offering no minimum deposits and free unlimited domestic transactions .