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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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Latest news

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Media Releases
Banks step up protections for customers experiencing financial abuse
17 September 2026

Banks will better detect, prevent and respond to financial abuse under an updated industry guideline released today by the Australian Banking Association. The ABA has brought together separate resources on financial abuse, including elder abuse and family and domestic violence into a single framework, building on existing industry guidance and supporting the financial abuse provisions… Read more »

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Media Releases
Preparing for the removal of card surcharging
14 September 2026

The ABA and its member banks are reminding businesses to make sure they are ready for the upcoming Reserve Bank of Australia’s (RBA) card surcharge reforms which take effect from 1 October 2026. These changes mean: ABA CEO Simon Birmingham said banks were supporting business customers to prepare for these changes, along with implementing the… Read more »

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Transcript
Simon Birmingham transcript of interview on News24 with Kieran Gilbert
11 September 2026

E&OETV InterviewInterview on News24 with Kieran Gilbert11 September 2026 Topics: Mortgage fraud; card surcharging ban; immigration  Kieran Gilbert: Let’s turn our attention now to one of the biggest financial crime syndicates in Australian history. I want to talk about the implications for our banking system with the CEO of the Banking Association, Simon Birmingham. Simon,… Read more »

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