WA rejects bank tax

Statement from Anna Bligh, Chief Executive, Australian Bankers’ Association

“The Australian Bankers’ Association welcomes the decision of the Western Australian Government to prioritise jobs and growth over short-term economic thinking in ruling out a new tax on banks in today’s Budget.

“Despite inheriting significant fiscal challenges and the lowest GST allocation in Australia, the McGowan Government has demonstrated laudable economic discipline and foresight.

“It is clear the WA Government understands it must remain an attractive and competitive place to do business.

“The ABA urges the WA Government to maintain sound economic policy and not put the bank tax back on the agenda.

“South Australia should follow this example and walk away from its proposed bank tax before it causes damage to the SA economy.”

ENDS

Contact: Stephanie Arena 0477 470 677

@austbankers

bankers.asn.au