Subsidy for small ADI marketing
Small banks, credit unions and building societies will receive up to A$15 million in assistance via Treasury "to facilitate competition by raising awareness in the community about the range of banking options available."The Government is yet to disclose the nature and timing of any public education campaigns, which may cover some mass media.The Australian Taxation Office will also receive funding, over two years, of $14.6 million, "to develop a business case and initial capital related expenditure" to enable taxpayers to look up their superannuation balances under the "SuperStream" proposal that is likely to mandate simpler superannuation products.