Gippsland › Latest news › Tim Bull MP
Gippsland state-owned schools, health and service organisations directed to move regional banks accounts to CBA, NAB and Westpac
State-owned schools, health services and organisations have been directed to close accounts with smaller regional banks and transfer funds to Commonwealth, Westpac or NAB banks.
The new Victorian Government purchasing contract requires large state-funded organisations to forgo accounts with smaller banking institutions in favour of one of the major players in the banking sector. East Gippsland Nationals State MP, Tim Bull says this move is reeks of an Andrews Government's city-centric centralisation and urges the State to reverse this decision that moves local money out of town.
The Taskforce brings together banks and other key stakeholders to assess how bank branch closures have impacted local businesses, industries and communities and work collaboratively to identify possible solutions
Uneasy banking for customers
Mr Bull said, "Many state-owned organisations have large accounts with their local community bank, which is crucial to supporting employment, community sporting groups and also offer great banking services to East Gippslanders. This mandate comes at the expense of our local banks that have put so much back into our local communities. The Andrews Government has already closed many big bank branches in our smaller rural and regional townships, making banking services harder to access for customers in East Gippsland."
"If the Andrews Government had any clue about how regional and rural communities operate, Andrews would see the value these smaller financial institutions offer to regional Victorians. Local banking is essential for our regional communities; it provides our residents with vital services and supports local jobs," Mr Bull said.
Mr Bull encourages local residents across East Gippsland to have their say by contacting the Federal Government's Regional Banking Taskforce which assesses the impact of bank closures in regional communities at regional banking task force.
Pictures from The Middle of Everywhere website.
Source: www.gippsland.com
Published by: news@gippsland.com
Community feedback strengthens Wellington's Road Management Plan, highlighting priorities for road upgrades
East Gippsland kids invited to join and send entries for National Water Week poster competition by 12 September 2025
Future Wellington Community feedback shapes draft plans, final input invited before 16 July 2025
Gippsland Water commits to keeping customer bills affordable despite cost of living pressures
Have your say on Latrobe's draft Domestic Animal Management Plan 2026 - 2029 until 29 July 2025
Latrobe City Council endorses new Council Plan and Community Vision 2025-2029 to guide Latrobe's future growth
Wellington Shire Councillors advocate for region's needs at National Local Government Assembly in Canberra on 24 - 27 June 2025
East Gippsland tourism and hospitality masterclass to build sustainable, resilient businesses and grow positive
Southern Rural Water celebrates 30 years of service with modernisation, partnerships and sustainable water
