Petition Closed
Petitioning Federal Politicians

Federal Government: An independent inquiry into banking

AUSTRALIA’S BANKING SYSTEM IS OUT OF BALANCE.
Since the Global Financial Crisis, competition in the banking sector has significantly decreased to the detriment of consumers.

Changes to Government regulations designed to promote consumer confidence during the GFC have benefitted the major banks at the expense of customer owned banking institutions such as credit unions, building societies and mutual banks.

The evidence is clear and there is now an imbalance in banking, which is bad for consumers, competition and choice.

In fact the choice is actually pretty clear – we need to get the balance right now or risk less competition and poor outcomes for everyday Australians in the future.

This petition was delivered to:
  • Federal Politicians

    Abacus Customer Owned Banking started this petition with a single signature, and now has 543 supporters. Start a petition today to change something you care about.




    The only way Federal Politicians will listen

    Every signature matters and makes the petition more powerful. Add your name today and help us win.