Borrow
Big bank buys Warnie’s Baggy Green
Former spin king Shane Warne has auctioned off his famous baggy green cap to raise money for the bushfires, with an Australian bank being revealed as the buyer.

Big bank buys Warnie’s Baggy Green
Former spin king Shane Warne has auctioned off his famous baggy green cap to raise money for the bushfires, with an Australian bank being revealed as the buyer.

The Commonwealth Bank has apparently purchased Shane Warne’s cap for $1,007,500 – after it was revealed that “M.C in Sydney” was CBA’s chief executive, Matt Comyn.
By entering the bid, the Australian bank was able to push the price of Mr Warne’s cap by $300,000 in the final 12 hours.
Mr Comyn thanked Mr Warne for donating his cap to an important cause.
“I am delighted that CBA has been able to secure Shane’s cherished baggy green cap,” the CEO said.
He added that Mr Warne’s hat will go on a fundraising tour before being donated to the Bradman Museum in Bowral.
Support from banks continues
NAB
The National Australia Bank’s contribution has included a further $3 million to its Disaster Relief fund (now at a total of $4 million), extending its $2,000 emergency relief and recovery grants for business owners and farmers.
It has also committed to $750,000 in donations (now totaling $1 million) to the Australian Red Cross and other local organisations in impacted communities.
Westpac
Westpac’s Bushfire Fund includes a number of grants for rural fire services, customers and recovery work.
It has promised $500,000 in total of grants to support customers and employees whose properties have been destroyed, with recipients being able to claim up to $2,000 for accommodation, food and clothing.
Westpac has also allocated $300,000 to volunteer firefighters and $100,000 to the Victoria Bushfire Appeal, along with $250,000 to the Foundation for Rural and Regional Renewal and $350,000 in funds for rebuilding and recovery support and wildlife rescue and rehabilitation.
ANZ
ANZ’s pledge has included $300,000 being given to volunteer fire services, with a further $100,000 set aside to match employee donations to volunteer fire services.
Additionally, ANZ is matching employee donations to its key community partners Foodbank Australia, the Australian Red Cross and WWF.
It has committed to giving $500,000 to local community services along with home loan customers affected by the fires and a further contribution to Tennis Australia’s “Aces for Bushfire Relief” initiative running through the Australian Open.
CBA
In addition to purchasing Mr Warne’s baggy green, CBA has committed to making $750,000 worth of grants to help replace community facilities lost in the fires, as well as giving a further $250,000 to the Australian Red Cross.
The relief grants will each provide up to $20,000 to assist with the replacement and repair of lost or damaged facilities. Community organisations, schools and local fire brigades have been invited to register for support through CBA’s website from Friday, with registrations open until 14 February.
CBA has also extended its Emergency Assistance Package to all volunteer firefighters, previously offered to personal and business customers, which will see them receive benefits such as loan restructuring and waiving of selected fees and charges.
About the author

About the author


Banking
Big banks push for BNPL regulations
The success of consumer take-up and the ease of credit provided by the buy now, pay later sector have seen the major banks renew calls for tighter restrictions on their products, an inquiry heard. ...Read more

Banking
Citi to exit consumer banking in Australia
US investment bank Citigroup has announced that it is pursuing an exit from the Australian market after 36 years. ...Read more

Banking
Westpac faces civil proceedings
The corporate regulator has commenced civil penalty proceedings against Westpac alleging the big four bank used misleading and unfair sales of consumer credit insurance. ...Read more

Banking
CBA to pay $7m penalty for overcharged interest
The Commonwealth Bank of Australia has been ordered to pay a $7 million penalty for charging an interest rate on business overdraft accounts that was substantially higher than what customers were advi...Read more

Banking
CBA taken to court over banking fees
ASIC has commenced civil penalty proceedings against the Commonwealth Bank of Australia, alleging that it charged clients millions in monthly fees when it was not entitled to do so. ...Read more

Banking
Big 4 bank offers $10m in grants to flood-affected customers
A big four bank has launched a $10 million Flood Support Fund to provide grants to customers and businesses in flood-affected areas. ...Read more

Banking
Guide to NSW flood financial aid: From the banks to insurers
The banks are offering customers affected by the NSW floods loan repayment deferrals, among other forms of financial aid, while the Insurance Council of Australia has declared a catastrophe for much o...Read more

Banking
APRA drops big 4 money laundering case
APRA has followed ASIC in closing its investigation into Westpac over the AUSTRAC scandal, which led to the largest corporate fine in Australian history. ...Read more

Is the market overheating; should ETFs take your fancy, and what’s happening to the low and middle income tax offset?
Listen now

Home values up 30% (or are they); NFTs taking the world by storm, and why Keating thinks Aussies will be ‘poor’ in retirement
Listen now

Raging floods, the tech stock bubble and the ongoing SG debate
Listen now

Meet the Manager with Trilogy’s Philip Ryan: RBA rates and property price growth
Listen now

Banking
Big banks push for BNPL regulations
The success of consumer take-up and the ease of credit provided by the buy now, pay later sector have seen the major banks renew calls for tighter restrictions on their products, an inquiry heard. ...Read more

Banking
Citi to exit consumer banking in Australia
US investment bank Citigroup has announced that it is pursuing an exit from the Australian market after 36 years. ...Read more

Banking
Westpac faces civil proceedings
The corporate regulator has commenced civil penalty proceedings against Westpac alleging the big four bank used misleading and unfair sales of consumer credit insurance. ...Read more

Banking
CBA to pay $7m penalty for overcharged interest
The Commonwealth Bank of Australia has been ordered to pay a $7 million penalty for charging an interest rate on business overdraft accounts that was substantially higher than what customers were advi...Read more

Banking
CBA taken to court over banking fees
ASIC has commenced civil penalty proceedings against the Commonwealth Bank of Australia, alleging that it charged clients millions in monthly fees when it was not entitled to do so. ...Read more

Banking
Big 4 bank offers $10m in grants to flood-affected customers
A big four bank has launched a $10 million Flood Support Fund to provide grants to customers and businesses in flood-affected areas. ...Read more

Banking
Guide to NSW flood financial aid: From the banks to insurers
The banks are offering customers affected by the NSW floods loan repayment deferrals, among other forms of financial aid, while the Insurance Council of Australia has declared a catastrophe for much o...Read more

Banking
APRA drops big 4 money laundering case
APRA has followed ASIC in closing its investigation into Westpac over the AUSTRAC scandal, which led to the largest corporate fine in Australian history. ...Read more