ANZ could stop making political donations

The head of ANZ says the bank's board is considering whether or not to continue donating money to major political parties.

ANZ CEO Shayne Elliott

The ANZ board is considering whether it will keep donating money to the two major political parties. (AAP)

The ANZ board is considering whether it will continue to donate millions to the two major political parties.

Chief executive Shayne Elliott told a parliamentary hearing ANZ justified previous donations to the Labor and Liberal parties as a way of supporting the nation's democratic process, and not as investments.

"We are having discussions at our board about the role of political donations and what our position is on that," he told the hearing in Canberra on Wednesday.


Share

1 min read

Published

Source: AAP



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world