The Wilderness Society is protesting outside the Macquarie Bank's annual general meeting in Melbourne.
The society believes the bank is considering helping to fund the controversial pulp mill planned for northern Tasmania.
Protesters are dressed as Tom Cruise from the movie, Risky Business.
Geoff Law from the Wilderness Society says Macquarie is considering whether to become involved after the ANZ Bank's decision not to fund the mill.
"Well we've been told by people within the bank that they are looking to assist Gunns with a share issue later this year so that equity can be raised to fund the pulp mill and the bank is also considering getting involved in other ways," he said.
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