Support the Better Banking Charter

The Finance Sector Union is proposing a Better Banking Charter that will help deliver Better Banking for both workers and customers of Australian banks through increased regulation. Each element of the charter has overwhelming support from both the public and the workers who completed our Better Banking survey.

Commitment from Government and banks to stop offshoring jobs and invest in developing skills in the Australian financial sector.

Public support: 90%

Worker support: 93%

Government regulation to prohibit or significantly limit the extent to which performance can be measured by sales volumes linked to selling debt products in the finance sector.

Public support: 79%

Worker support: 90%

Government regulation to require banks to reflect interest rate movements set by the Reserve Bank

Public support: 80%

Worker support: 79%

Government regulation to prohibit the bonus culture that rewards risky short-term behaviour by executives in the finance sector

Public support: 90%

Worker support: 89%

Regulatory requirement for banks to demonstrate a direct link between their fees and charges and customer service provision

Public support: 82%

Worker support: 82%