Senate debates Bills

Social Security (Administration) Amendment (Repeal of Cashless Debit Card and Other Measures) Bill 2022; In Committee


Matt O'Sullivan

Matt O'Sullivan WA, Liberal Party

9:46 pm

I have a few questions. Is the government aware of any deposit-taking institution in Australia that allows for bank account number portability—that is, the ability to keep the same account number, the same BSB number, and shift to a different bank? Say you're a Commonwealth Bank customer and your number starts in 016, or whatever it is, and you keep that same number if you transfer to ANZ or any other deposit-taking institution—aka bank—in Australia.

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