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Statement from NAB: SA major bank tax

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.

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