The Labor government in South Australia has withdrawn its plans to impose a tax on Australian banks, in a move welcomed by the banking lobby.
Australian Bankers' Association chief executive Anna Bligh issued a statement yesterday welcoming the backdown as “good news for the whole state”.
“Today is a real victory for the people of South Australia and in particular for those who operate businesses. The decision will provide them with a greater level of confidence and certainty, which is vital for business,” Ms Bligh said.
“Australian banks belong to all of us and they’re about growth and driving good economic outcomes; today’s decision will mean we can all get on with the job of making that happen.”
Diverger has made an offer to acquire Centrepoint Alliance, a move that would create one of the largest licensees behind only Insignia and AMP.
The corporate regulator has outlined a key focus on product labelling and advertising.
The federal government has sought to clear up uncertainty about the status of crypto for tax purposes following the adoption of bitcoin as legal tende...
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