Confidential report comes in the wake of Senate inquiry which highlighted ‘deficiencies in branch closure processes’ across regional areas
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Australian banks would have to meet a minimum level of service in regional areas or contribute funding to bolster the number of branches and ATMs offered by other institutions, in a proposal put forward by Treasury.
According to a confidential report sent to bankers this week, seen by Guardian Australia, Treasury has outlined two proposals to better support the presence of in-person branches and ATMs.
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