Original article by James Eyers, Clancy Yeates
The Australian Financial Review – Page: 8 : 2-Apr-15

The Commonwealth Bank of Australia (CBA) has expressed its support for the financial system inquiry’s recommendation to introduce a tax on deposits to cover the costs of any bank collapse. The proposed tax would amount to $A500 million a year in total for the sector. In a submission to Treasury in response to the inquiry’s recommendations, CBA stated that the tax might be passed on to its customers

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AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, AUSTRALIA. DEPT OF THE TREASURY, CUSTOMER OWNED BANKING ASSOCIATION, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA