Federal Budget 2015: Tax on Bank Deposits

The Assistant Treasurer has indicated that a bank deposits insurance tax will be introduced to create a fund to protect against a collapse of the banking industry. The concept was previously announced by Labor prior to the 2013 election.

* The material and contents provided in this publication are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, professional advice should be obtained.

#TaxonBankDeposits #FederalBudget #FederalBudget2015 #Treasurer #TreasurerJoeHockey #AssistantTreasurer

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