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
Latest news
The ABA has called upon Federal and State Australian governments to work together to combat the ongoing problem of elder financial abuse.
In the 12 months to February 2022, ABA member banks lent an average of $4.2 billion to agribusinesses across the country every month.
The working paper focuses on the construction and agriculture sectors and seeks to provide a point of reference for banks to operationalise modern slavery risk identification and management.