18 June 2017
Sydney, 19 June 2017: The Australian Bankers’ Association has today welcomed the Senate Economics Legislation Committee report on the major bank levy.
“The Committee has made a number of recommendations which recognise that the consultation process was truncated,” ABA Chief Executive Anna Bligh said.
“The ABA supports the Committee’s recommendation for a Parliamentary review in two years’ time to examine the impacts of the tax, including if it is appropriate to introduce a sunset clause once the Budget is in surplus.
“This review was recommended by a number of banks and I’m pleased to see the Committee take the concerns of affected banks seriously,” she said.
“We urge the Federal Government to more fully investigate the issue of double taxation, as recommended by the Committee, to ensure that Australian banks are not disadvantaged when they compete offshore.”
Ms Bligh said the ABA was grateful to the Committee for consulting with industry stakeholders on the levy and fast-tracking its report for consideration by the Parliament.
ENDS
Contact: Stephanie Arena 0477 470 677 or Rachel McCormack 0423 407 189 (Nic Frankham is on leave)
Latest news
Former Federal Finance Minister and Senate Leader, The Hon. Simon Birmingham, will join the Australian Banking Association as Chief Executive Officer. ABA Chair and National Australia Bank CEO Andrew Irvine today announced Mr Birmingham’s appointment, replacing retiring CEO, The Hon. Anna Bligh AC. “We are delighted to have Simon lead our industry and help ensure… Read more »
Rick Hind: Anna Bligh is the CEO of the Australian Banking Association. Welcome back to 105.7 ABC Radio Darwin. Anna Bligh: Good morning, great to be with you. Rick Hind: Is it getting easier to scam people out of money from their bank accounts? Given how good technology is, the scammers seem to have as… Read more »
With end of financial year nearly here, the ABA is reminding customers to be on high alert for scammers looking to steal your hard-earned money. Common EOFY scams to be on the lookout for: ABA CEO Anna Bligh said with the end of financial year approaching, scammers are lining up and looking to cash in…. Read more »