It’s funny how in such a supposedly egalitarian country as Australia we pay so much deference to public servants. We pay them a lot (much more than their overseas counterparts), we give them a lot...
The story of the resignation from NAB of its chief executive Andrew Thorburn and its chairman Ken Henry after the Hayne royal commission is instructive. It reveals just how hopeless the boards of...
The funniest thing to come out of the Hayne royal commission is a story that appeared in The Sydney Morning Herald on Monday. Titled “I’m amazed they approved me: CBA lashed...
The Royal Commission into Misconduct in the Banking, Superannuation, and Finances Services Industry has uncovered some inexcusable behaviour. Charging client’s fees without providing services...
The hearings of the banking royal commission have, at different times, resembled a cross between the Soviet show trials of the 1930s and the American TV show L.A. Law of the 1980s. All those...
“A Royal Commission into the banking sector is a bad idea because it will not solve the key problems in that sector: too much red tape and a lack of competition,” said Daniel Wild, research fellow...
“Since when did a conservative government become more socialist than the ALP? What does a conservative government stand for if it wants to regulate the employment conditions of leaders in...
A new report released today by the Institute of Public Affairs, has found that the South Australian Bank Levy has already damaged the investment reputation of South Australia, despite not yet...
In the South Australian state budget 2017-18, South Australian Treasurer Tom Koutsantonis announced that the state government intended to introduce a South Australian Major Bank Levy, one of two...
Imagine being an international investor looking at Treasurer Tom Koutsantonis’s Budget. You wouldn’t be interested in his infrastructure spend and “future jobs fund”. You’d immediately hone in on...
It’s hard to know where to start on the South Australian bank tax. It is just that bad. The massive new impost on the four major banks and the Macquarie Group was announced by SA Treasurer Tom...
The Government’s proposed levy should be abandoned. It is a tax on all Australians which will increase the cost of buying a house and starting a business, was designed without consultation, and is...
