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The Contribution Gap Tax and regulatory imbalances in the digital age

The Contribution Gap Tax and regulatory imbalances in the digital age

27 April 2026

This report sets out the scale of the contribution Australian banks make to the economy and the community and the gap that is emerging as a growing share of value generated from Australian consumers flows to entities that do not bear comparable obligations.

$16B
Annual Tax Contribution

Total taxes and levies paid to the Australian Government

40%
Effective Tax Rate

The cumulative impact of corporate tax and industry-specific levies

$2.5B
Anti-Scam Investment

Ongoing investment in systems to combat financial crime and protect customers

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Transcript
ABA CEO Simon Birmingham transcript of interview on Sky News with Ross Greenwood
21 June 2026

E&OETV InterviewSky News Business Weekend with Ross Greenwood21 June 2026 Topics: Economic contribution of banks Ross Greenwood: Well Australia’s banks, love them or loathe them, they are a necessity. We need them strong to provide the security for lenders and depositors. We need them well-regulated to keep them from again putting profit ahead of their… Read more »

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Speech
The value of banking: ABA CEO Simon Birmingham’s address to Banking 2026
17 June 2026

ABA CEO Simon Birmingham delivered the following introductory remarks ahead of a panel on the value of banking to the Australian economy, launching new Mandala research, at the 2026 ABA Banking Conference. Our piece of work that has been released today, Mandala providing the intellectual backdrop and analysis to support us in this, the essential… Read more »

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Media Releases
Economic contribution of Australian banks laid bare in new report
17 June 2026

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