This month, Westpac announced an extension of its moratorium on regional branch closures until at least 2027.
We have long been calling for action on branch closures and while this move is welcome, it’s clear that more should have been done sooner.
This announcement comes too late for the many communities who have already lost their local branch and who have felt its impact firsthand.
The Senate Inquiry into regional branch closures has highlighted the impact of the closures on communities in its report this month. The FSU is calling on Federal Financial Services Minister Stephen Jones to take immediate action to fully implement the recommendations of the inquiry committee. Find out more here.
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