19 May 2017
Sydney, 19 May 2017: The Federal Government must open up the major bank levy for public scrutiny, the Australian Bankers’ Association said today.
“The four major banks have met Treasury’s extraordinarily tight timeframe to lodge their submissions this morning under strict confidentiality,” ABA Chief Executive Anna Bligh said.
“It is now time for the Government to reveal when it will release the legislation to the public – after all, this tax will affect millions of Australians who own shares in banks or are bank customers.
“At the moment we can’t quantify the impact of this tax on banks, and the flow on effects to customers, because the legislation has not been in the public domain.
“The ABA calls on the Government to provide more clarity as to when the public will be able to see the major bank levy legislation,” she said.
ENDS
Contact: Stephanie Arena 0477 470 677 or Nic Frankham 0435 963 913
Latest news
E&OEPodcast InterviewThe Savings Tip Jar18 February 2026. Topics: Mortgage refinancing, savings accounts. Dominic Beattie (Host): Welcome to this week’s Dollar Dialog, and today we’re talking refinancing, with new data dropping from the ABS last week, showing that a record 640,000 Australian mortgages were refinanced through 2025, which is up 20% on the previous year. So,… Read more »
Over 640 000 homeowners refinanced their mortgage last year, according to new data released today by the Australian Bureau of Statistics. New lending indicators data shows 640 137 mortgages were refinanced throughout 2025, a 20 per cent jump from the previous year as more borrowers than ever before renegotiated or switched their home loans. ABA… Read more »
E&OERadio InterviewABC Radio Canberra9 February 2026. Topics: Romance scams; Scam Prevention Framework Emma Bickley (Host): You’re listening to afternoons on ABC Radio Canberra. I’m Emma Bickley, and my guest today is Simon Birmingham. He’s the CEO of the Australian Banking Association, and in the lead up to Valentine’s Day, they’re warning you that romance scams… Read more »