Regulation of Banks – Specific Rules

Nov 1, 2010

Q. Would you support or oppose the following regulations for Australia’s banks?

  Total support Total oppose Strongly support Support Oppose Strongly oppose Don’t know
Stopping banks from sending jobs off-shore 83% 7% 46% 37% 5% 2% 9%
Only permitting banks to change interest rates in line with Reserve Bank rates 82% 11% 53% 29% 8% 3% 7%
Capping bank CEO’s salaries 84% 9% 60% 24% 7% 2% 6%
Ensuring bank fees are not higher than the actual cost of the service 91% 4% 67% 24% 3% 1% 4%
A requirement to let customers know if their personal data is being sent to other countries for processing 93% 2% 71% 22% 2% * 6%
Tougher rules about giving loans and credit 74% 15% 32% 42% 13% 2% 12%

More than 90% support regulations requiring banks to let customers know if their personal data is being sent to other countries for processing and ensuring bank fees are not higher than the actual cost of the service. Over 80% support stopping banks from sending jobs off-shore, only permitting banks to change interest rates in line with Reserve Bank rates and capping bank CEO’s salaries.

There were no substantial differences by voting intention – all regulations were strongly supported by all voter groups.

  Total support Vote Labor Vote Lib/Nat Vote Greens
Stopping banks from sending jobs off-shore 83% 85% 85% 83%
Only permitting banks to change interest rates in line with Reserve Bank rates 82% 87% 82% 73%
Capping bank CEO’s salaries 84% 88% 83% 86%
Ensuring bank fees are not higher than the actual cost of the service 91% 93% 93% 90%
A requirement to let customers know if their personal data is being sent to other countries for processing 93% 94% 93% 94%
Tougher rules about giving loans and credit 74% 71% 80% 77%

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Support for Government-owned Bank

Nov 1, 2010

Support for Government-owned Bank

 Q. Would you support or oppose the establishment of a Government-owned bank to compete with the private banks?

  Total Vote Labor Vote Lib/Nat Vote Greens
Total support 62% 68% 60% 72%
Total oppose 17% 14% 21% 16%
Strongly support 28% 32% 27% 33%
Support 34% 36% 33% 39%
Oppose 11% 9% 13% 13%
Strongly oppose 6% 5% 8% 3%
Don’t know 22% 19% 19% 13%

 62% support and 17% oppose the establishment of a Government-owned bank to compete with the private banks.

Strongest support is shown by men (68%), Greens voters (72%) and full-time workers (68%). Comments »

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