9 October 2017
The Australian Bankers’ Association has today welcomed Senator Nick Xenophon’s commitment to put South Australians first and reject the proposed new SA bank tax.
“Senator Xenophon’s reported comments that the tax would have a ‘disastrous effect’ on the South Australian economy are spot on,” ABA Chief Executive Anna Bligh said.
“In announcing his intention to run in the state election and oppose the tax, the Senator has demonstrated he recognises the need for South Australia to have a government and business climate that promotes investment.
“A state which needs to boost economic growth and jobs cannot afford to discourage businesses from setting up shop in South Australia,” she said.
“The majority of South Australians share Senator Xenophon’s opposition to the tax, with a recent Galaxy poll1 showing that 52 per cent of South Australians oppose the tax compared with only 38 per cent who support it.
“Almost 60 per cent of people surveyed believe the tax will damage South Australia’s competitiveness versus other states that don’t have the tax,” Ms Bligh said.
“The ABA urges the Government to abandon the tax plan and restore certainty to South Australians.”
ENDS
Contact: Stephanie Arena 0477 470 677
bankers.asn.au
1Galaxy surveyed 801 people in South Australia between 8 – 12 September 2017 via telephone and online.
Latest news
The ABA welcomes the appointment of David Lacey to lead the Australian Financial Complaints Authority’s new external scams dispute resolution service. ABA CEO Simon Birmingham congratulated Mr Lacey on his appointment to this important new role within AFCA. “Mr Lacey brings extensive experience in law enforcement, in fighting financial crime as well as liaising directly… Read more »
E&OERadio InterviewABC Radio National Hour24 March 2026. Topics: Australia-EU free trade deal Fran Kelly (Host): Total two-way trade between Australia and the EU was worth nearly $110 billion in the last financial year, and this Free Trade Agreement is expected to be worth an extra 10 billion in the first year alone. But farmers are… Read more »
Leading Australian business, industry, investment and peak body organisations welcome the conclusion of the Australia–European Union Free Trade Agreement, the establishment of the Australia–EU Security and Defence Partnership, and the decision to fast-track negotiations for Australia’s association with Horizon Europe. These outcomes provide much-needed clarity and confidence at a time when businesses, investors, and researchers… Read more »