26 September 2017
Australian Bankers’ Association Chief Executive Anna Bligh today welcomed the South Australian Property Council’s call for the South Australian bank tax to be dumped.
In a report on the South Australian economy released today, the Property Council described the bank tax as ‘bad economic policy that applies a handbrake on investment and jobs’.
“This is another example of a major South Australian business group calling for this tax to be dumped before it does damage to the state,” Ms Bligh said.
“South Australia needs incentives to attract business, not new taxes that will discourage businesses from investing in new projects and employing people.
“The ABA calls on the South Australian Government to heed the warnings of businesses and the people of South Australia and dump the tax,” she said.
The South Australian Upper House is set to determine the fate of the tax in a vote within weeks.
The Property Council comments on the SA bank tax can be found here.
ENDS
Contact: Stephanie Arena 0477 470 677
Latest news
E&OE Ali Moore: Yes, if you use a dating app, have you ever thought about how secure it is? And if you ever wondered about the sort of anti-scam regulations that they have to comply with, the big banks say that the rules are not tough enough for dating apps, as well as things like… Read more »
In conjunction with the Australian Financial Complaints Authority (AFCA), the ABA is pleased to announce the appointment of former ASIC Commissioner Mr Sean Hughes as the next Chair of the Banking Code Compliance Committee (BCCC). Mr Hughes served as a Commissioner at ASIC from 2018 to 2023 and brings deep expertise in financial services… Read more »
The CSLR was intended to give basic protection to mum and dad-type investors. It should not be a collectively funded vehicle for removing investment risk from society.