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Australia's banks are safe, so deposit levy is looking like a revenue grab

  • Written by The Conversation
imageAustralian depositors are already protected under existing legislation, so why do we need a deposit levy?AAP/Mick Tsikas

The closer one looks at the government’s recent decision to levy a deposit tax against Australia’s Big Four banks, the more it seems like a revenue grab. Nothing more, nothing less.

An inspection of the legislation...

Read more: Australia's banks are safe, so deposit levy is looking like a revenue grab