Is the Bank Trying to Censor You?

An Australian bank has released a new set of terms and conditions effective from November 2023, that are broad in their conditions and threaten to freeze the accounts of customers who breach them. Many are interpreting them as a breach on their freedom of speech.

Company profits are down in a surprising sector for the last quarter in Australia.

Show notes:

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National Bank of Australia's new terms and conditions: https://www.nab.com.au/content/dam/nabrwd/documents/guides/banking/personal-transaction-and-savings-products-terms-and-conditions-changes.pdf

Company profits, household spending plunges as rates decision looms: https://www.news.com.au/finance/economy/australian-economy/company-profits-household-spending-plunges-as-rates-decision-looms/news-story/d423ca18e9c1d7e7b91ad6a51df91602

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This presentation was originally broadcast on Edge Radio Australia www.edgeradioaustralia.com

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