bank levy

What is it with ex-state premiers and the finance industry?

First, Anna Bligh took on the leadership of the Australian Bankers Association (ABA), then Mike Baird moved to NAB in a senior executive role, and now Nathan Rees has become the national assistant secretary of the Finance Sector Union.

As expected, the major banks are preparing to launch a media war against the Turnbull government’s proposed $6.2 billion bank levy, as outlined in Treasurer Scott Morrison’s May 9 federal budget speech.

Australian Bankers’ Association head Anna Bligh was furious. She said a campaign was being considered, claiming the government was playing “fast and loose” with the nation’s financial system.

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