Today’s announcement by the SA Government is poor policy without logic.
The role of the Australian banks is to support customers and communities and drive economic growth and activity. It is not to be a blank cheque so governments can cover their own budget shortfalls.
South Australians want their state to be more attractive to investment that will enable it to transition its economy and create new opportunities and jobs – this tax will do the opposite.
NAB Chair Philip Chronican and CEO Andrew Irvine addressed shareholders at NAB’s 2024 Annual General Meeting (AGM) in Melbourne today.
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NAB has today announced it has entered into an agreement to sell its remaining stake in MLC Life Insurance to Nippon Life Insurance Company for $500 million.
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Alan Oster will retire from NAB as Chief Economist after 32 years in the role, with Sally Auld appointed as his replacement.
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