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Effective from 5 December 2024, Bank Australia will change the name of the Premium Home Loan Package to Offset Home Loan. Read more about our home loans.
We believe that a truly responsible bank can help make our society better and our Impact Fund is one of the ways we do this.
As a customer-owned bank, we ask our customers regularly to tell us which issues they want to see us act upon. This is how we determine which projects to support through the Impact Fund.
Above: The Great Ocean Road, VIC
We're guided by our responsible banking policy. This helps us focus on people and businesses working towards a future of conservation, financial inclusion, and reconciliation.
Here are some examples of our funding categories:
Our largest Impact Fund investment is the Bank Australia Conservation Reserve, a 2,117 hectare private nature reserve that is protecting important woodlands and wetlands habitats as well as 13 threatened native animal species.
Working in partnership with Greening Australia and Trust for Nature we are using evidence-based conservation planning to inform our vision and strategy for this project.
Bank Australia was the first customer owned bank to have a Reconciliation Action Plan (RAP) and in 2018 we launched our fourth stretch plan. We also use our Impact Fund to support initiatives that promote reconciliation and help close the gap between Indigenous and non-Indigenous Australians.
We support Human Rights Watch to undertake their independent refugee research program which helps to defend the rights of refugees, asylum seekers and displaced people worldwide. Human Rights Watch staff respond to emergencies and chronic situations, document human rights issues, and take their findings to policy makers, legislators and the media.
The Bank Australia Learning Potential Fund Scholarship addresses educational disadvantage by offering financial support to a QUT student to help them complete their studies
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