Today we announced a new partnership with The Big Issue – the social enterprise that works across Australia to create job opportunities for homeless, marginalised and disadvantaged people through its independent street magazine.
We are now the vendor uniform partner of The Big Issue, and vendors across Australia have received new vests, hats and lanyards with the Bank Australia logo.
The new vendor uniforms have been launched in time for the 20th anniversary edition of The Big Issue, helping them stand out on city streets for the milestone edition.
“We are delighted to have Bank Australia come on board as our vendor uniform partner,” said The Big Issue CEO Steven Persson. “The uniforms play a large role in developing our vendors’ sense of identity and belonging and they wear their vests with pride.”
Bank Australia Managing Director Damien Walsh said the national partnership is part of the bank’s purpose to create mutual prosperity through positive outcomes for people and their communities.
“It’s inspiring to see the vendors working hard to improve their lives and we know the uniforms play a big role in developing the sense of identity and belonging that makes this possible. We’re proud to be part of that,” Mr Walsh said.
Big Issue vendors buy the magazine for $3.50 and sell for $7, keeping the difference. The Big Issue is estimated to save the community $25,000 per vendor each year through a reduction in their demand for social services.
In the past 20 years, The Big Issue has grown to become Australia’s most significant social enterprise. In that time:
- 6500 people have sold The Big Issue magazine across the country
- More than 10 million copies of The Big Issue magazine have been sold, putting $23 million into the pockets of Big Issue sellers
- Circulation has increased from 7000 in 1996 to a current circulation of 26,500
- 400,000 subscription copies of The Big Issue magazine have been packed by disadvantaged women through the Women’s Subscription Enterprise
For more information about The Big Issue, visit www.thebigissue.org.au. The 20thanniversary edition of The Big Issue is on sale around the country from 3 June.
Bank Australia has also recently committed to developing a Financial Inclusion Action Plan. This will include introducing a new Basic Access Account from 1 July, which will be available to customers who are experiencing financial hardship and are in receipt of government benefits.