AUSTRALIA POST has announced agreements with the Commonwealth Bank of Australia (CBA) and NAB to offer banking services in Post Offices nationally for the next decade.

The landmark 10-year in-principle agreements with the two major banks allows Australia Post to support ongoing investment in the Bank@Post service in order to provide safe, reliable banking services for all Australians, particularly those in regional areas and small businesses.

The agreements also support the long-term sustainability of thousands of Licensed Post Offices and their owners, many of whom are small businesses and families who play an essential role in servicing their local communities. 

Australia Post executive general manager for community and consumer, Nicole Sheffield said today’s announcement highlighted the importance of Bank@Post which provides banking services at more than 3,500 local Post Offices.

“We know how important the local Post Office is for so many communities and small businesses – particularly in regional areas. The support of CBA and NAB will ensure access to banking services for those communities can be maintained, and additional related services introduced, to better support the needs of banking customers for the next decade,” Ms Sheffield said.

“The agreements will also allow us to invest further in our Post Office network, recognising the valuable role our people play in supporting communities across the country. Our Post Offices also play a critical role during natural disasters, emergencies and more recently through the COVID-19 pandemic with access to products and services through lockdowns and travel restrictions. 

“Australia Post looks forward to working closely with CBA, NAB and our other banking partners to continue to provide essential banking services to their customers across our national network of Post Offices.”

CBA group executive retail banking services, Angus Sullivan, said, “Millions of Australians rely on CBA to do their banking, and I’m proud that this renewed partnership gives our customers more choice with how and where they bank with us over the next decade. We know that some customers want face to face banking services and this partnership with Australia Post supports our commitment to ensuring our customers in regional Australia have ongoing access to these services at the more than 3,500 Bank@Post outlets across the country.  

“We have a strong relationship with Australia Post and investing multi millions of dollars each year for a decade in the capability, technology and security of Bank@Post outlets builds on our priority to reimagine services and ensure our customers can continue to bank easily, safely and securely whenever they visit a participating Australia Post outlet.” 

NAB group executive personal panking, Rachel Slade said, “We want to ensure we are serving our customers well no matter how they choose to bank with us. 

“Together with our branch network, this partnership means our customers have more than 4000 locations they can bank with us. It provides extra support, particularly for those remote and rural customers, to be able to access face-to-face banking services.”

Westpac’s contract with Australia Post has been extended for a further 12 months. Westpac and Australia Post have commenced negotiations around a possible new longer agreement. 

www.auspost.com.au

THE Carbon Market Institute (CMI) has welcomed the release of a suite of carbon farming video case studies showing farmers benefiting from 'carbon money' under the Federal Government’s Emissions Reduction Fund.

The videos were produced in collaboration with the Clean Energy Regulator and tell the story of five different carbon farming methods: soil carbon, vegetation, revegetation, plantation forestry and human-induced regeneration.

John Connor, CEO of the CMI said, “These case studies highlight the significant employment and environmental benefits that come from carbon farming projects, as well as the climate benefits that flow from sequestering carbon through agricultural activities and land management.

“There’s been a decade of successful carbon farming in Australia and these stories are just the tip of the iceberg.”

The case studies, drawn from projects in New South Wales and Victoria, demonstrate that carbon farming works successfully with traditional farming practices, increases productivity and drought tolerance while reducing farm input costs, and provides farmers with new income streams. 

“The government’s Emission Reduction Fund has thrown a lifeline to the Carbon Farming Initiative that first began in 2011,” Mr Connor said. “Almost 1000 projects have been developed so far and thousands more can be delivered that will bring real benefits to regional Australia and the global climate.”

The CMI’s 2017 Carbon Farming Industry Roadmap highlights that with the right policies and ambition, carbon farming can support the development of over 20,000 jobs by 2030, and over $20 billion in carbon project revenue, mostly flowing to regional Australia.

Meanwhile, the CMI’s world-first Carbon Industry Code of Conduct, which defines industry best practice for carbon project developers, becomes fully operational on July 1, 2021.

“With the right policies, and a laser-like focus on integrity, our carbon farming industry can become a major exporter of carbon reduction credits and expertise to a world increasingly demanding them,” Mr Connor said.

The five projects highlighted in the videos are:

• soil carbon – Olsen’s;
• human induced regeneration – Brindingabba Station; 
• revegetation – Ploughshare;
• plantation forestry - WeAct;
• vegetation – avoided deforestation – Bulgoo Station. 

“It was a pleasure to visit these carbon farming sites firsthand to see the benefits being delivered and I’d encourage others to do so,” Mr Connor said. “I’d like to thank the farmers, their staff and local businesses we spoke to for their enthusiastic participation.”

About the CMI

The Carbon Market Institute is the industry association for business leading the transition to net-zero emissions and has over 100 corporate members including primary producers, carbon project developers, emission intensive companies and legal, banking and advisory service providers.

ends

THE Accommodation Association today congratulated the NSW Government on its rapid provision of lockdown financial support for business but called for urgent assistance for Sydney hotels struggling to survive.

Accommodation Association CEO Dean Long said, "There’s not a hotel in Sydney that hasn’t been hard hit over the past 15 months of COVID travel bans and restrictions.

"These hotels are now sub 2 percent occupancy and facing at least 50 percent cancellation rates all the way through to August. They urgently need government support to offset this impact, to keep the doors open and to keep paying staff.
 
“The NSW Government’s support package is obviously welcome news for hotels outside metropolitan Sydney who will now be hit with school holiday cancellations, but it’s the Sydney hotels, including the larger ones, who most need help and need it now.
 
“We’ll continue to engage with government to ensure our sector and members emerge on the other side of COVID," Mr Long said.

 About the Accommodation Association

The Accommodation Association represents over 80 percent of all known accommodation providers from small regional parks, caravan parks, serviced apartments and resorts through to the largest hotel groups in the world including Accor, Hilton, Wyndham Destinations and IHG.

ends

ON TUESDAY June 29, the Northern Australia Committee will be hearing from stakeholders in South Australia and Queensland – the Global Water Institute, the Queensland Government, the Nuga Nuga Aboriginal Corporation, David Noonan, the Arabana Aboriginal Corporation and Andrew and Robert Starkey.

Northern Australia Committee chair Warren Entsch, who is the Federal Member for Leichardt, noted that the evidence gathering phase of the inquiry is drawing to a close.

"Tomorrow we will hear from stakeholders in South Australia about the unique problems they face in protecting heritage across the vast plains of that State’s north. With that, we will have spoken to people in every jurisdiction across Australia," Mr Entsch said.

"The mound springs which are of great significance to the Arabana people are at serious risk. The Arabana Aboriginal Corporation is concerned that the springs are disappearing due to the water use at BHP’s Roxby Downs Mine, which relies on the same water source as the springs."

Andrew and Robert Starkey, of the Kokatha people, have experienced significant destruction of heritage due to a Hill to Hill Transmission Line Easement which passed through a series of culturally significant sites. They are keen to share with the committee what has happened to their country.

Nuga Nuga Aboriginal Corporation has experienced significant issues with the ‘Last Claim Standing’ of the Queensland Act due to its impact on their ability to speak for country. Despite a judicial decision in their favour the Queensland Government decided to formerly legislate the provision; to the corporation’s dismay.

A program for the public hearing is available on the committee’s website.

Public hearing details

Date: Tuesday, 29 June 2021
Time: 10am to 4pm AEST
Location: by video/teleconference

The hearings will be broadcast live at aph.gov.au/live.

Further details of the inquiry, including terms of reference, can be found on the Committee’s website.

ends