ACCC grants interim authorisation to Australian Bankers' Association
The Australian Competition and Consumer Commission (ACCC) announced it has granted interim authorisation to a number of banks and ATM suppliers to enable them to provide fee free withdrawals and balance transactions at 76 currently identified ATMs across a range of very remote Indigenous communities.
"Interim authorisation will enable the banks and ATM suppliers to develop the systems and implement the changes necessary to be in a position to provide certain fee-free ATM services from 1 December 2012," ACCC chairman Rod Sims said.
"This proposal seeks to address the long standing issue of high ATM fees incurred in some remote Indigenous communities," Mr Sims said.
The ACCC has invited submissions from interested parties on the substantive application for authorisation. Those submissions close on 26 June 2012.