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The Federal Government has quietly tabled its response to the recommendations from the Senate inquiry into regional bank closures.

While the government has acknowledged many of the recommendations and agreed to some of them in principle, their response doesn’t go far enough. Read more about how they responded here.

Unfortunately, the government has missed an opportunity to secure the future of retail banking and protect the jobs of workers in regional and remote Australia.

As we know, the government’s existing moratorium on regional branch closures for the big four banks ends in July 2027.

The FSU is calling on the government to extend the moratorium to 2030 for regional and metro branches across all banks, not just the big four.

It's critical that our government holds employers accountable for providing vital banking services. Importantly, banks must provide workers with guaranteed job security, and time to retrain, be redeployed, and transition into new roles.

Please sign and share our petition to send a message to the government that this is what our communities want and need.

We’ve seen some banks begin to move in the right direction and take positive steps to invest in regional networks and expand trading hours. In particular, Westpac has committed to extend its regional branch moratorium to 2030, and we hope all banks will follow.

We’ll continue to ensure profitable banks are held to account and communities have access to vital banking services.