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Westpac CEO to meet with Parliamentary Committee in Canowindra.



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HOUSE OF REPRESENTATIVES

STANDING COMMITTEE ON FINANCIAL INSTITUTIONS AND PUBLIC ADMINISTRATION

 

MEDIA NEWS

 

WESPAC CEO TO MEET WITH PARLIAMENTARY COMMITTEE IN CANOWINDRA

 

The CEO of Westpac, Mr Bob Joss, will meet with the influential House of Represent atives Financial Institutions Committee on Monday 27 July. The Committee will be inspecting the operation of a Westpac third party agency. The Committee also expects Westpac to outline measures it is implementing to maintain financial services in regional and remote areas.

 

The Chairman of the Committee, David Hawker MP, said, “The Committee is looking forward to meeting Mr Joss in Canowindra. His attendance is an indication of the importance the banks now appear to be putting on rural and regional banking. it also highlights the significance of the work undertaken by this Committee in ensuring that the bush has continued access to a full range of banking services.”

 

“We are interested in seeing the Wespac third party agency arrangement and we will be asking for more details about Westape’s recent deal with the Tasmanian Government to provide banking services through government service agencies. These proposals are among a range of banking alternatives that the Committee is investigating in this inquiry. It is a positive development to see banks and government cooperating to provide access to banking services in rural areas.”

 

Mr Hawker added. “The Committee has so far been very successful in raising the profile of this important issue. The recent seven-point proposal put to the Committee by the Australian Banker’s Association is evidence that the banks are now aware of just how important bank services are to regional and remote Australia. We are committed to finding the best possible solutions for people in rural and remote areas. Visiting regional areas allows the Committee to explore as many alternatives as possible.”

 

Release ends

24 July 1998

 

Further information:

David Hawker MP (Chairman)  02 - 6277 4837

Janet Connaughton (Inquiry Secretary)  02 - 6277 2375

e-mail: FIPA.Reps@aph.gov.au

 

Details of Program and Committee membership attached

 

 

Committee Membership 38 th Parliament

 

Chairman: Mr David Hawker MP

Deputy Chairman: Mr Gregory Wilton MP

Members:

Mr Anthony Albanese MP

Mr Larry Anthony MP

Hon Ian Causley MP

Mrs Christine Gallus MP

Mr Joe Hockey MP

Mr Mark Latham MP

Hon Stephen Martin MP

Mr Stephen Mutch MP

Dr Brendan Nelson MP

Mr Christopher Pyne MP

Dr Andrew Southcott MP

Hon Ralph Willis MP

 

Secretariat contact details:

The Secretary

Standing Committee on Financial Institutions and Public Administration

R1.121

Parliament House

CANBERRA ACT 2600

 

Telephone: (02) 6277 4587

Facsimile: (02) 6277 4557

Mobile: 0418 434971

EMail: FIPA.Reps@aph.gov .

 

 

KD