15 November 2017
The Australian Bankers’ Association has welcomed the South Australian Government’s decision to abandon its plans to introduce a bank tax.
ABA CEO, Anna Bligh, said the decision is good news for the whole state.
“Today is a real victory for the people of South Australia and in particular for those who operate businesses. The decision will provide them with a greater level of confidence and certainty which is vital for business.
“Australian banks belong to all of us and they’re about growth and driving good economic outcomes; today’s decision will mean we can all get on with the job of making that happen.
“I would like to thank the Parliament of South Australia and in particular the South Australian Liberal Opposition lead by Steven Marshall, Advance SA’s John Darley and Australian Conservative Party members Robert Brokenshire and Dennis Hood for opposing the economically damaging tax.
“I would also like to thank Business SA for standing up for the people of the State,” Ms Bligh said.
Contact: Kelly Stevens 0497 577 133
Latest news
The ABA welcomes today’s passage through the Parliament of the Cash Distribution Framework Bill 2026, an important safety net shoring up the ongoing distribution and availability of cash across the economy. ABA CEO Simon Birmingham said banks continued to support customers who choose to use cash and this regulatory framework would provide greater certainty for… Read more »
The ABA welcomes the commitment today by the Assistant Treasurer and Financial Services Minister Daniel Mulino to make the Compensation Scheme of Last Resort (CSLR) more sustainable by reducing the losses and costs associated with it. ABA CEO Simon Birmingham said changes to the CSLR must help contain losses that generate claims and place the… Read more »
Small businesses are benefiting from more favourable lending conditions thanks to stronger competition, as the full extent of banking support for these businesses is laid out in a new report released today by the Australian Banking Association. The ABA’s latest industry report focusing on small and medium businesses finds: ABA CEO Simon Birmingham said the… Read more »