Australian Banking Taskforce to Assess Impact of Bank Branch Closures in Regional Areas

Australian Banking Taskforce to Assess Impact of Bank Branch Closures in Regional Areas
People walk past a branch of the Commonwealth Bank of Australia (CBA) branch in Melbourne, Australia, on Aug. 11, 2021. William West/AFP via Getty Images
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A government taskforce involving the big four banks, peak bodies, and Australia Post will examine the impact of regional bank branch closures on the local communities, businesses, and industries.

Regionalisation Minister Bridget McKenzie said it would provide a platform to determine how changes in the banking industry have affected regional communities.