7 September 2017
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
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“The Australian Banking Association (ABA) welcomes the agreement reached today on the proposed safeguard mechanism reforms, given it paves the way for the passing of a critical piece of legislation for Australia.
“This is about engaging with the entire banking ecosystem in order to ensure the accessibility of the sector’s services are best serving our diverse community now, and into the future.”