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. “Having access to bank branches is vital for every community, particularly for residents who are unable to use online services to conduct their banking,” McKenzie said. “As we have heard, bank branch closures in the regions also affect the liveability of towns, and so I am pleased to announce this taskforce will be looking at how we can keep banking services in rural Australia.” The Regional Banking Taskforce will hold its first meeting in early November and release issues paper for public consultation. The Reserve Bank of Australia (RBA) revealed in June that the total number of active ATMs …
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