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
Transcript
ABC Radio: interest rates, default rates & bank assistance
4 August 2022

“the earlier that people speak to their bank, the more likely it is that the bank can find a solution that will work and keep the customer out of financial strife.”

Read more
Media Releases
Major consensus reached on Australian climate risk reporting
1 August 2022

Twenty of Australia’s most influential business and finance peak bodies have come to an unprecedented consensus on the need for sustainability reporting.

Read more
Media Releases
Australian banks acknowledge leadership of outgoing APRA chair Wayne Byres
26 July 2022

“Over the past eight years, Mr Byres has provided strong leadership… particularly through the very stormy economic waters of recent times.”

Read more