Viewing articles in Portfolio:

Treasury & Finance

Filter Articles

Bank tax could fix Hockey’s Budget mess: Bandt

Joe Hockey should face reality and address the Budget's revenue squeeze by a levy on the big banks, instead of harmful cuts and slugging everyday Australians Greens Acting Leader Adam Bandt said today.

The Commonwealth Bank announced a record profit of $8.7 billion today.

"A modest levy on the big banks would raise twice the revenue of Joe Hockey's plan to slug patients with co-payments and extra charges," Mr Bandt said.

"Instead of trying to strongarm crossbench senators, Joe Hockey should make the big banks and big miners pay their fair share."

Read more

Abbott, Hockey Knew Budget Would Hit Poor Hardest

Acting Greens Leader Adam Bandt MP said that Tony Abbott and Joe Hockey have been caught out on their Budget.

“Joe Hockey has been caught out hiding these damning figures by his own department,” said Mr Bandt.

“Tony Abbott and Joe Hockey have nowhere to hide now that the Treasury has confirmed that they knew their Budget would hit the poor hardest.

Read more

Senate bins Hockey's 'Asset Recycling' Bill

The Asset Recycling Bill appears to be dead, buried and cremated, the Australian Greens said today.

The Senate has given Tony Abbott's backward-looking agenda another reality-check by insisting on substantial amendments protecting essential services from privatisation, and substantially increasing accountability measures. The House subsequently rejected the amended Bill.

The Greens succeeded in getting the Bill renamed the Encouraging Privatisation (Asset Recycling Fund) Bill.

Read more

‘Big Four’s’ record profits mean it's time for bank levy: Bandt

Deputy Greens Leader and Finance spokesperson Adam Bandt MP said the Greens’ policy for a bank levy on the ‘big four’ banks has been given added impetus after reports that their profits are the biggest in the developed world for the fourth year running. “The ‘big four’ banks are making world-leading profits off the back of taxpayer subsidies,” said Mr Bandt. "It's time to end the age of entitlement for the big banks and make them pay their fair share.

Read more

‘Big Four’s’ record profits mean it's time for bank levy: Bandt

Deputy Greens Leader and Finance spokesperson Adam Bandt MP said the Greens’ policy for a bank levy on the ‘big four’ banks has been given added impetus after reports that their profits are the biggest in the developed world for the fourth year running.

“The ‘big four’ banks are making world-leading profits off the back of taxpayer subsidies,” said Mr Bandt.

"It's time to end the age of entitlement for the big banks and make them pay their fair share.

Read more

Greens call for Labor to block 'Asset Recycling' Bill

Greens Deputy Leader and Finance spokesperson, Adam Bandt MP, and Infrastructure Spokesperson, Senator Scott Ludlam, today said that the Greens oppose the Government’s 'Asset Recycling' Bill and urged Labor to join them in blocking the bill.

“Let’s call a spade a spade. This Bill is about bribing State and Territory governments to sell off public assets” said Mr Bandt.

"Disturbingly, there are reports today that Labor may be prepared to pass the government's bill.

Read more

Greens Back COBA’s New Bank Levy Campaign

Deputy Greens Leader and Finance spokesperson Adam Bandt MP today announced that the Greens are backing COBA’s new campaign for a levy on the ‘Big Four’ banks.

“In 2010, just after I was elected, I called for a levy to be introduced on the ‘Big Four’ banks and have campaigned for one ever since,” said Mr Bandt.

“It’s great to see that COBA (Customer Owned Banking Association) has launched a fantastic new campaign saying the same thing.

Read more

Petrol tax reveals Abbott’s new three word slogan: Stuff you, mate

Responding to reports Tony Abbott is planning to make petrol more expensive, Acting Greens Leader, Adam Bandt, said Tony Abbott's refusal to end fuel subsidies for wealthy miners proved the Coalition was siding with big business against everyday Australians.

"Tony Abbott's plan is for people to keep forking out billions each year just so the likes of Gina Rinehart can buy cheap diesel," said Mr Bandt.

"By making people pay more for petrol and GP visits while giving wealthy miners subsidised fuel, Tony Abbott has revealed his new three word slogan: ‘Stuff you, mate'.

Read more

Westpac profits show Abbott should levy banks, not taxpayers: Bandt

“If ‘we’re all in this together’ as Tony Abbott says, he should levy the big four banks instead of whacking citizens in next week’s Budget. The big four can clearly afford it,” said Greens Deputy Leader and Finance spokesperson, Adam Bandt, today.

“The banking sector is in rude financial health, with another ‘big four’ bank posting a strong profit, thanks in large part to taxpayers’ guarantee of its operations.”

Read more