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Bank Levy

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Greens caution Government on locking in bank levy rate

Greens Treasury spokesperson, Senator Peter Whish-Wilson, provides the following comments on reports that the Government plans to lock in a six basis point levy into legislation.

Senator Whish-Wilson said, “Locking the levy in at six basis points means potentially locking in a revenue shortfall, money much needed for schools and hospitals in this country.

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Government must put a floor under the bank levy

The Australian Greens Treasury spokesperson, Senator Peter Whish-Wilson, today called on the government to guarantee that the bank levy will meet budgeted forecasts for revenue.

Senator Whish-Wilson said, “The big four banks have all been briefed on the bank levy and have all estimated that it will bring in less than what the government has budgeted for.

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Labor wants to give Bank CEOs more platforms to delay levy and cry poor

Greens Banking spokesperson, Senator Peter Whish-Wilson, says while the Greens will support any inquiry to the specific bank levy legislation, we won’t support a full references Inquiry without seeing the terms of reference.

Senator Whish-Wilson, “It hasn’t taken long for Bill Shorten and Anna Bligh to team up and tag team against the bank levy proposal.

“Let’s make it very clear, based on this government's past form, if these banks don’t pay this levy then it will be the poorest Australians who will have to make up the difference.

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Hockey backs Greens’ bank deposit levy model

Adam Bandt 11 Aug 2015

Greens Treasury spokesperson Adam Bandt MP today welcomed reports that Treasurer Joe Hockey is supporting the Greens’ model for the bank deposit levy and said that the Greens would support passing a well-crafted levy through the Parliament in the next sitting fortnight.

“I’m pleased to hear reports that the Treasurer has listened to the Greens’ call to apply a bank deposit levy to only to the Big 4 Banks,” Mr Bandt said.

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Hockey's deposit levy should only apply to big 4 banks: Greens

Greens Deputy Leader and Finance spokesperson Adam Bandt MP today said Treasurer Joe Hockey's proposed levy on bank deposits may get passed straight on to consumers, and instead has proposed an alternative model where the levy would be restricted to the big four banks.

"The Greens are concerned that a levy on all bank deposits could be passed directly onto everyday consumers if the levy is simply applied across the board to all banks," Mr Bandt said.

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