One of the most talked about measures in the 2017/2018 Federal Budget, released on 9 May, is the proposed banking levy that will raise billions of dollars from the big four banks and Macquarie.
While the big four banks have, as expected, panned the measure and threatened to pass the costs on to customers, the policy has recieved the endorsement of mutual banks and credit unions.
The BCCM is encouraging customers to consider switching to a customer-owned alternative by launching a social media campaign (#switchdontbitch) and a microwebsite with information on how to switch.
Listen to BCCM member ME Bank's CEO, Jamie McPhee, make the case for policies that enhance competition in banking to Peter Ryan on ABC Radio.
Read the BCCM media release on the issue.