fbpx
Skip to main content
Get step-by-step help: Financial Assistance Hub

Keep WA open for business, ABA urges

28 July 2017

Sydney, 26 July 2017: The Australian Bankers’ Association Chief Executive Anna Bligh today called on Western Australian Premier Mark McGowan not to introduce a tax on banks in September’s state budget.

“A tax on banks would be dangerous for Western Australia’s economy,” Ms Bligh said.

“Just like South Australia, WA badly needs jobs and investment. A move like this would significantly impact the West Australian economy at a time it needs support.

“Banks are talking with all sides of politics in Western Australia to emphasise that a tax on business would be the worst thing for their economy and the people of WA,” she said.

“The likelihood of South Australia’s tax on banks is already doubtful with widespread opposition from the business community, the people of South Australia and Members of Parliament.

“Almost half of voters in key marginal seats in South Australia are opposed to the tax because they think it will increase costs for South Australians, affect investment in the state and reduce South Australia’s competitiveness compared to other states that don’t have the tax.

“If the tax is defeated in South Australia, WA would be the only state to distance itself from job creation and investment,” Ms Bligh said.

“The ABA calls on Premier McGowan not to introduce a bank tax and send a strong signal that WA is focused on growing its economy.”

ENDSContact: Stephanie Arena 0477 470 677 

Latest news

1 / 3
Media Releases
Banks support stronger customer protections in the Banking Code
6 December 2022

“Since the Banking Code was first introduced in 1993, the process to independently review the Code has continued to deliver improvements.”

Read more
Media Releases
ABA welcomes APRA’s Climate Information Paper
30 November 2022

The CVA released today will inform future industry efforts in using scenario analysis as a tool for understanding climate change related financial risks.

Read more
Transcript
Transcript: Anna Bligh on ABC NewsRadio – maternity leave lending
28 November 2022

“A number of our banks actually have maternity leave lending products that are specific to people on parental leave, paid and unpaid, to help them through, what as I said, can be a difficult time.”

Read more