Bank Offers for New Accounts Australia
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RESERVE BANK of AUSTRALIA ANNUAL REPORT 2015 | INDEPENDENT AUDITOR’S REPORT 161 162 RESERVE BANK of AUSTRALIA Part 5: Indexes
RESERVE BANK OF AUSTRALIA 2015 ANNUAL REPORT ANNUAL REPORT 2015 | CONTACT DETAILS 171 Reserve Bank of Australia Annual Report 2015 Contents Governor’s Foreword 1 Part 1: About the Reserve Bank Our Charter, Core Functions and Values 5 Governance of the Reserve Bank 7 Reserve Bank Board 12 Accountability and Communication 20 Organisation Structure 28 Part 2: Our Operations in 2014/15 Operations in Financial Markets 37 Banking and Payment Services 47 Banknotes 53 International Financial Cooperation 62 Community Engagement 73 Part 3: Management and Accountability Our People 85 Management of the Reserve Bank 90 Risk Management 96 Earnings and Distribution 104 Pro Forma Business Accounts 109 Statutory Reporting Requirements 110 Part 4: Financial Statements Statement of Assurance 117 Financial Statements 118 Notes to the Financial Statements 123 Independent Auditor’s Report 160 Part 5: Indexes Statutory Reporting Requirements Index 165 List of Tables 167 List of Graphs 168 Abbreviations 169 Contact Details 171 This report is available electronically in PDF and HTML formats on the Reserve Bank’s website: www.rba.gov.au/publications/annual-reports/rba/index.html. The Reserve Bank welcomes comments on this report. Feedback and enquiries about any aspects of this report may be directed to: Information Department Reserve Bank of Australia 65 Martin Place Sydney NSW 2000 GPO Box 3947 Sydney NSW 2001 Telephone: +61 2 9551 9830 Facsimile: +61 2 9551 8033 Email: [email protected] © Reserve Bank of Australia 2015. All rights reserved. The contents of this publication shall not be reproduced, sold or distributed without the written prior consent of the Reserve Bank of Australia. -
Additional Cardholder(S) Request Form
Additional Cardholder(s) Request Bankwest, a division of Commonwealth Bank of Australia ABN 48 123 123 124 AFSL/Australian credit licence 234945 Important Information things you should know as the Primary Cardholder • You may nominate up to three Additional Cardholders, aged 16 or over, to be authorised by Bankwest to operate on your Card account. • If the nominated Additional Cardholder(s) are not existing Bankwest customer(s) we will need to confirm their identity. For details on identification requirements, please contact our Customer Help Centre on 13 17 19 or refer to bankwest.com.au • All transactions on your Card account authorised by the Additional Cardholder(s) will be treated as having been authorised by you. You will be responsible for these transactions. • If you have other accounts linked to your Card account, please discuss account access arrangements at your local Bankwest store or contact our Customer Help Centre on 13 17 19 prior to lodgement of this request. • The Request can either be returned to your local Bankwest store ________________________ (include store name if this is where you are returning it), or mailed to Cards Services, Reply Paid 8411, PERTH BC WA 6849. • Once your Request is approved, the card(s) will be issued to you to distribute to your nominated Additional Cardholder(s). Section 1 – Primary Cardholder Details Title Given name(s) Surname Card number ||||||||||||||| Section 2 – Additional Cardholder Details Additional Cardholder 1 Title Given name(s) Surname Date of birth Gender Male Female Home phone -
It's Personal
SIMON PUGH & PETER WOODS QLM Label Makers BOQ Business Banking customers It’s personal LYNNE POWER BOQ Owner-Manager KATIE KOCHANSKI Daisy Hill branch BOQ customer since age 7 Shareholder Review 2010 BOQ SHR 2010 FA - PRINT.indd 2 21/10/10 11:30 AM JONAH & AMBER Community members SHIRLEY KOLPAK Shareholder It’s personal BOQ SHR 2010 FA - PRINT.indd 3 21/10/10 11:30 AM CONTENTS 1 Operational overview 3 Acquisitions 4 Financial highlights 7 Chairman’s report 11 Managing Director’s report 15 Community 17 Customers 17 Environment 18 Employees 19 Executive team 21 Your Board 25 Remuneration overview 26 Financial calender BOQ SHR 2010 FA - PRINT.indd 4 21/10/10 11:30 AM BRAND RELAUNCH In February 2010, BOQ launched At BOQ, most of our branches are run by local a new brand promise: Owner-Managers. This means they’re running your own personal bank a small business, so they get what it means to The new brand was the culmination of deliver personal service. So we really can deliver an 18 month “inside out” brand review, on our promise of being your own personal bank. where both staff and customers helped The brand relaunch also represented the to really define what makes BOQ different perfect moment in time to reintroduce ourselves to the other banks. The overwhelming as BOQ, rather than the state-centric name of response was that for us, it’s personal. Bank of Queensland. Over the past decade, we have expanded right across Australia. And it all started with this simple question. -
WELLBEING, RESILIENCE and PROSPERITY for AUSTRALIA FINANCIAL SYSTEM INQUIRY March 2014
WELLBEING, RESILIENCE AND PROSPERITY FOR AUSTRALIA FINANCIAL SYSTEM INQUIRY March 2014 CBA0416 FSI Doc_Final.indd 1 31/03/14 5:46 PM COMMONWEALTH BANK’S SUBMISSION IS FOCUSED ON IMPROVING THE LONG-TERM WELLBEING OF AUSTRALIANS, CONSISTENT WITH OUR VISION TO SECURE AND ENHANCE THE FINANCIAL WELLBEING OF PEOPLE, BUSINESSES AND COMMUNITIES. COMMBANK CAN. CBA0416 FSI Doc_Final.indd 2 31/03/14 5:46 PM TABLE OF CONTENTS EXECUTIVE SUMMARY 6 SECTION IV: SAFEGUARDING SECTION I: AUSTRALIA’S RETIREMENT BUILDING ON SOLID WITH A SUSTAINABLE FINANCIAL SYSTEM SUPERANNUATION FOUNDATIONS 9 SYSTEM 72 CHAPTER 1: HOW THE FINANCIAL CHAPTER 10: IMPROVE THE EFFICIENCY SYSTEM HAS SUPPORTED OF THE SUPERANNUATION SYSTEM 72 ECONOMIC STABILITY 9 CHAPTER 11: FUND AUSTRALIA’S CHAPTER 2: A FREE MARKET RETIREMENT 79 PHILOSOPHY FOR AUSTRALIA’S FINANCIAL SYSTEM 24 SECTION V: CHAPTER 3: POSITIONING AUSTRALIA ENHANCING REGULATORY FOR A PROSPEROUS FUTURE 27 EFFICIENCY 87 SECTION II: CHAPTER 12: IMPROVE EFFICIENCY SUPPORTING A STRONG AND ADAPTABILITY OF THE REGULATORY SYSTEM 87 BANKING SYSTEM 33 CHAPTER 4: ENSURE SUSTAINABLE SECTION VI: FUNDING FOR AUSTRALIAN BANKS 34 ADDRESSING OTHER CHAPTER 5: ENABLE COMPARABILITY IMPORTANT ISSUES FOR OF AUSTRALIAN BANK CAPITAL CUSTOMERS 96 RATIOS TO INTERNATIONAL PEERS 42 CHAPTER 6: EMBED A SUPPORTIVE CHAPTER 13: IMPROVE FINANCIAL OPERATING FRAMEWORK FOR LITERACY 96 AUSTRALIAN BANKS 47 CHAPTER 14: FUND INFRASTRUCTURE CHAPTER 7: ENSURE AN APPROPRIATE DEVELOPMENT 102 FRAMEWORK FOR THE SHADOW CHAPTER 15: IMPROVE ACCESS BANKING SECTOR 52 TO -
Annual Report and Sustainability Update 2018/2019
Annual Report and Sustainability Update 2018–2019 “Our dedication to running an ethical and sustainable institution has been recognised with Teachers Mutual Bank Limited being named one of the World’s Most Ethical Companies for the sixth year running.” Contents Annual Report and Sustainability Update Our mission is to deliver quality financial products and services to workers and their families within the education, emergency services, and health communities. We will do this in an ethical, simple and friendly manner. Key financial performance 02 Chairperson and CEO’s report 04 Members 06 Social Responsibility 10 Community 14 Employees 18 Environment 22 Summary of Sustainability KPIs and targets 26 Directors’ report 28 Auditor’s independence declaration 32 Financial statements and notes 33 Statement of comprehensive income 34 Statement of changes in member equity 35 Statement of financial position 36 Statement of cash flows 37 Notes to the financial statements 38 Directors’ declaration 87 Independent auditor’s report 88 TEACHERS MUTUAL BANK LIMITED Telephone: 13 12 21 | Fax: (02) 9704 8205 Email: [email protected] | Address: 28-38 Powell Street Homebush NSW 2140 | PO Box: PO Box 7501 Silverwater NSW 2128 | ABN: 30 087 650 459 | AFSL/Australian Credit Licence: 238981 | Design: www.frescocreative.com.au 1 Key Financial Performance Our focus is to maintain sustainable growth to ensure we provide competitive products and services to enable our members to secure their financial futures. OVERVIEW Capital adequacy ratio Membership Capital adequacy is a ratio which protects depositors and Membership refers to all shareholders that are eligible to investors by indicating the strength of an institution. -
Infrastructure 55 Energy 77 Technology 92 Commodities 107 Renewables 118
Macquarie Group Contents Macquarie at a glance 3 Our culture Our business approach 14 Our community engagement 25 Our global presence Australia and New Zealand 34 Asia 37 Europe, the Middle East and Africa 47 Americas 51 Our expertise in focus Infrastructure 55 Energy 77 Technology 92 Commodities 107 Renewables 118 © Macquarie Group Limited Macquarie at a glance Global financial group Diverse business mix • Headquartered and listed in Australia Located in 31 markets, we conduct • Top 10 Australian company1 a mix of annuity-style and markets-facing • ~£14 billion market capitalisation activities that deliver solid returns in a range of market conditions • 15,849 employees in 31 markets • £299.7 billion assets under management Long-term orientation Outcome-focused culture • 51 years of unbroken profitability • Opportunity for our clients, • 29 years MBL S&P ‘A’ credit rating2 communities and staff • Strong funding and capital position • Accountability for outcomes • Integrity in everything we do All figures at 31 March 2020 throughout presentation, unless otherwise stated. 1. Based on market capitalisation. Sourced from Bloomberg 31 March 2020. 2. Upgraded to A+ in 11 December 2019. © Macquarie Group Limited 3 Global financial group Australia and Asia New Zealand % % of 33total income1 of total13 income1 London People People 6,6702 4,0142 Hong Kong Assets under management Assets under management New York £57.5 billion £33 billion employing 7,000+ people3 employing 50,000+ people3 Europe, the Middle Americas East and Africa Sydney % % of 29total income1 of 25total income1 people4 in People People 15,849 Locations 2 2,4092 2,756 Regional headquarters 2 Assets under management Assets under management 31 markets £65.2 billion £144 billion employing 57,000+ people3 employing 27,000+ people3 1. -
September 2019
September 2019 Case studies, statistics, research and recommendations are provided "ASIS" and intended for informational purposes only and should not be relied upon for operational, marketing, legal, technical, tax, financial or other advice. The actual costs, savings and benefits of any recommendations or programs may vary based upon your specific business needs and program requirements. By their nature, recommendations are not guarantees of future performance or results and are subject to risks, uncertainties and assumptions that are difficult to predict or quantify. Stage3 is not responsible for your use of the information contained herein (including errors, omissions, inaccuracy or non-timeliness of any kind) or any assumptions or conclusions you might draw from its use. Stage3 makes no warranty, express or implied, and explicitly disclaims the warranties of merchantability and fitness for a particular purpose, any warranty of non-infringement of any third party's intellectual property rights. To the extent permitted by applicable law, Stage3 shall not be liable to a client or any third party for any damages under any theory of law, including, without limitation, any special, consequential, incidental or punitive damages, nor any damages for loss of business profits, business interruption, loss of business information, or other monetary loss, even if advised of the possibility of such damages. 30% $970,000 $9 $967,576 $8 $965,000 Millions 25% Millions $7 $960,000 20% $6 $955,000 $5 15% $950,000 Deposits Total $4 10% $3 $945,000 $2 -
View Annual Report
2018 ANNUAL REPORTYear ended 31 August 2018 Annual Report 2018 1 CONTENTS Message from the Chairman and Managing Director & CEO 5 Directors’ Report Directors’ Details 8 Operating and Financial Review 12 Remuneration Report Introductory Message 60 Remuneration Report 62 Lead Auditor’s Independence Declaration 90 Financial Report Income Statements 93 Statements of Comprehensive Income 94 Balance Sheets 95 Statements of Changes In Equity 96 Statements of Cash Flows 100 Notes to the Financial Statements 101 Other Information Directors’ Declaration 162 Independent Auditor’s Report to the Members 163 Shareholding Details 170 Shareholder Information 173 5 Year Financial Summary 174 Glossary 175 Bank of Queensland Limited ABN 32 009 656 740 AFSL NO. 244616 CHAIRMAN AND MANAGING DIRECTOR & CEO’S 2018 MESSAGE ABOUT THIS REPORT This 2018 Annual Report (Report) incorporates the Group’s audited financial statements and other statutory disclosures. The Report is lodged with the Australian Securities Exchange (ASX). Bank of Queensland (BOQ) is publicly listed in Australia. The financial statements have been prepared in accordance with Australian Accounting Standards and interpretations issued by the Australian Accounting Standards Board (AASB) and the Corporations Act 2001. Unless otherwise stated, the Report encompasses all BOQ activities for the financial year commencing on 1 September 2017 and ending 31 August 2018. All monetary values in this document are presented in Australian dollars, which is the Bank’s functional currency. OUR 2018 REPORTING -
The Evolution of Banking in Australia
Software and Technology The evolution of banking in Australia By Amaran Navaratnam* For most Young Credit Professionals car park during Christmas week, as we of Australia (YCPA) our first can shop online. banking experience started with a As our debit and credit cards Commonwealth Bank Dollarmite evolve so do the payment methods. savings account, we were excited Over the last 5 years PayPass and about the moneybox rather than PayWave have made us wave the saving aspect. As we matured goodbye to signing for retail into adolescents so did the banking purchases. In years to come I am experience. sure we will soon be farewelling the In years to come we will all have PIN. Our cards will always revisit the a story to tell our children of when surgeon for a ‘nip and tuck’ to keep we had to wait in line at the branch up with customers evolving needs in a “In years to come for 20 minutes patiently watching card with added benefits and tighter the flip clock. The reaction will be security. we will all have a priceless given what their first banking We have all experienced the gut story to tell our experience will be. wrenching feeling of leaving our wallet Technology and innovation was or purse at home and only realising children of when revolutionary in the late 2000’s half way to work. In 2015 Westpac driving us to the ‘Mobile Commerce’ and Commonwealth bank successfully we had to wait in generation with the ability to pay bills, launched its ‘Cardless Cash’ service do our internet banking and open new enabling us to use our mobile banking line at the branch accounts simply with the use of our app to withdraw money. -
Methodology Report
Mozo Experts Choice Awards Deposits 2019 Every day, Mozo keeps track of thousands of products in banking, insurance and energy. Unlike some other awards, providers don’t ‘enter’ the Mozo Experts Choice Awards nor do they pay to be considered. Our in-house team of experts analyse all the product data they’ve been tracking and scour the market to see if there are any other worthy candidates. Then we use our data and our experience to make a hard-nosed assessment of those products, to identify which offer great value or market-leading features. We recognise the leading products with the Mozo Experts Choice Awards. ● For product providers, a Mozo Experts Choice Award is a thoroughly researched third-party endorsement of their product. ● For consumers, the Mozo Experts Choice Awards badge is a sign that a product is among the leaders in the market, and is worthy of consideration. This report lists the winners and explains the judging methodology for our 2019 Deposit awards. 1 Deposits - 2019 Winners Transaction Accounts Everyday Bank of the Year Exceptional Everyday Account Bank of Sydney Everyday Saver Account Bankwest Hero Transaction Account Bankwest Qantas Transaction Account BOQ Specialist Everyday Plus Account Citi Global Currency Account Citi Plus Transaction Account ING Orange Everyday Macquarie Platinum Transaction Account Macquarie Transaction Account UBank USaver Ultra Transaction Account Up Bank Everyday Account Best New Transaction Account Citi Global Currency Account 2 Student Bank Account Community First Credit Union Student -
An Empirical Study of International Correspondent Banking in Australia
University of Wollongong Thesis Collections University of Wollongong Thesis Collection University of Wollongong Year 2001 An empirical study of international correspondent banking in Australia Soon-Lim Chan University of Wollongong Chan, Soon-Lim, An empirical study of international correspondent banking in Aus- tralia, Doctor of Philosophy thesis, Department of Marketing, University of Wollongong, 2001. http://ro.uow.edu.au/theses/1476 This paper is posted at Research Online. Chapter Six i06 CHAPTER SIX: CASE STUDY: CORRRESPONDENT BANKING IN COMMONWEALTH BANK OF AUSTRALIA (CBA) 6.0 INTRODUCTION This is the first component of the three components'core research. This case study is based on rigorous interviews with a group of CBA's senior bank staff including Gavin E J Forte, General Manager, CBA's Institutional Banking; Stephan Symydzuk, Senior Manager, CBA's Technology and Operations; Robert Buchan, Senior Manager, CBA's Risk Management; Keith McDougalI, Senior Manager, Global Payment Services; Paul McMartin, Assistant Manager Exports, International Trade Processing Centre; and Roland Condell, Manager, CBA's Business Banking Centre, Toowoomba. The case is presented in two parts. The first part (section 6.1) sets out CBA's background, history and development, the organisational sfructure, in particular the institutional banking, rationalisation and current development and performance of CBA. The second part is concenfrated on the study of CBA's correspondent banking in section 6.2. CBA's defmition and management of corbanking will be discussed in paragraph 6.2.1, the organisation of CBA's corbanking in paragraph 6.2.2, the purchasmg management of intemational corbanking services and reasons for using corbanking in paragraph 6.2.3, selection criteria of CBA's correspondents and thefr classification corbanking relationships in paragraph 6.2.4, risk management in sub-section 6.2.5, relationships management in paragraph 6.2.6, strategies of development of CBA's corbanking business in paragraph 6.2.7, ftiture of CBA's corbanking in paragraph 6.2.8. -
Global Payments 2020-30 a Quantium Shift in the Next Decade Australia's Challenge
McLean Roche Consulting Group Global Payments 2020-30 A quantium shift in the next decade Australia’s challenge – to keep up 1 Submission To RBA Payments Boards – Future of Payments – January 2020 McLean Roche Consulting Group AUSTRALIA’S PAYMENT CHALLENGE Australian payments will see more change in the next 10 years than the last 40 years combined. Australia has an expensive US/Anglo legacy based retail payments system which will be challenge by new technology, new data uses, new players and the need to protect consumer rights and data. Consumer retail payments total $975.7 billion in 2019 and will reach $3.2 trillion by 2030. A faster rate of expansion will occur in SME and Corporate payments. Payments are a very high volume, low margin business with even the smallest changes in revenues or margins delivering significant changes in actual dollars. Regulators around the globe will be challenged by forces of change and this requires all regulators and politicians to be aware of the scale of change and ensure the regulatory frame work changes and evolves quickly. 4 MYTHS DOMINATE THE NARRATIVE 1. CASH WILL DISAPPEAR – many including regulators keep predicting the death of cash. While bank notes may disappear, various forms of cash now dominate retail payments in Australia combining to total 71% share. 2. CREDIT CARDS DOMINATE LENDING – consumer credit cards are in decline having peaked 8 years ago. All the leading indicators are falling – average balance, average spend, revolve rate and number of cards. Corporate and Commercial cards are the only growth story. 3. DIGITAL PAYMENTS ARE THE FUTURE – many payment products use the ‘digital’ tag for marketing ‘glint’ however the reality is all payment products using Visa, MasterCard, Amex or eftpos payment networks are not digital.