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The structure of the Australian banking market is an oligopoly structure. from the 1950’s and 1960’s it was based predominately on traditional bank intermediation to a more open and competitive system offering a much wider variety of services from a array of different providers.

The Australian banking market is an oligopoly industry as there a few firms and any actions of one bank may have important ramifications for all the others. Each bank is differentiated as they all each have certain aspects about there products and services that separates them amo...