Guidance On De-Banking In Australia

Written by Claude Haiku 4.5 from the extracted text on 28 Feb 2026. It can miss or misread redacted and scanned pages. Check the source before relying on it.

Treasury held a series of meetings between November and December 2024 with the Commonwealth Bank, National Australia Bank, ANZ, Westpac, and the Australian Bankers' Association to discuss implementation of recommendations from a de-banking report. The meetings (comprising briefing notes and meeting minutes) focused on Recommendation 3, which appears to involve banks providing guidance on sectoral risk assessment. CBA reported relying on case-by-case customer engagement combined with AUSTRAC guidance from 2023-2024. NAB raised concerns about classifying firms into sectors and risks from disclosing commercial or risk appetite information, while noting it had publicly exited crypto firms and provided account application guidance. Westpac indicated it avoids blanket industry rules but requires additional evidence from high-risk sector customers to confirm no money laundering activity. ANZ and other participants' specific positions were redacted. Treasury committed to updating banks on government responses to de-banking