Westpac statement on proposed South Australian bank tax

Westpac today welcomed the South Australian Government’s decision to not proceed with its planned bank tax.

Westpac Group CEO Brian Hartzer said the common sense decision will have wide-ranging benefits for the community.

“Westpac welcomes the South Australian Government’s decision to withdraw its proposed bank tax. This is good news for the South Australian economy, business and the wider community. Westpac is proud to be a major employer and service provider across the state and today’s decision builds more confidence and certainty for business in South Australia,” Mr Hartzer said.