Essential Report
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Regulation of Banks – Specific Rules
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% |
Essential Report
Two Party Preferred: 14 May 2019
Labor
51.5%-0.5
Coalition
48.5%+0.5
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