Original article by James Eyers
The Australian Financial Review – Page: 13 & 18 : 27-Mar-15

The financial system inquiry recommended abolishing a levy on bank deposits that the former Australian Labor Government introduced to finance a guarantee scheme for bank accounts. The Customer Owned Banking Association has urged the Federal Government to scrap the levy, while the Australian Bankers’ Association’s submission on the inquiry is expected to take the same stance. It is estimated that the levy could cost depositors about $A350m a year if it takes effect on 1 January 2016

CORPORATES
CUSTOMER OWNED BANKING ASSOCIATIONAUSTRALIAN BANKERS’ ASSOCIATIONAUSTRALIA. DEPT OF THE TREASURYAUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINETINTERNATIONAL MONETARY FUNDCOUNCIL OF FINANCIAL REGULATORSRESERVE BANK OF AUSTRALIA