Skip navigation

Hockey backs Greens’ bank deposit levy model

profile image
Adam Bandt MP
Federal Member for Melbourne
11 August 2015

Greens Treasury spokesperson Adam Bandt MP today welcomed reports that Treasurer Joe Hockey is supporting the Greens’ model for the bank deposit levy and said that the Greens would support passing a well-crafted levy through the Parliament in the next sitting fortnight.

“I’m pleased to hear reports that the Treasurer has listened to the Greens’ call to apply a bank deposit levy only to the Big 4 Banks,” Mr Bandt said.

“We’ve been concerned that the proposals from the previous Labor government and now this government to apply an ‘across the board’ levy to all banks would just be passed on to consumers.”

“For some time, the Greens have called for a levy to apply to the Big 4 Banks only, to raise revenue without the cost being passed on to consumers.”

“If the Big 4 Banks do try to pass this onto consumers, a consumer can just walk down the road to a smaller bank.”

“The Big 4 Banks are making world-leading record profits off the back of implicit help from the taxpayer. They have an advantage compared to their smaller rivals as they’re able to borrow money at a cheap rate because everyone knows that the government will step in if they get into trouble.”

“If the Treasurer wants to apply a proper levy to the Big 4 Banks only, he has the Greens’ full support and we’ll get this through the Parliament within the next sitting fortnight.”

“Putting a proper levy on the Big 4 Banks will help address the revenue crisis we are facing.”

“If the government wants to stop talking about cutting taxes for the wealthy and instead putting a new tax on the Big 4 Banks he knows where the Greens’ offices are.”

Media contact: Adam Pulford, 0429 109 054

profile image
Adam Bandt MP
Federal Member for Melbourne
11 August 2015




Supporting Public Housing Communities

On Saturday July 4 the Victorian Labor government announced that nine public housing towers in North Melbourne and Flemington would be placed under a “hard lockdown” preventing residents from leaving their home for at least five days.  The Greens have supported and will continue to support governments taking a ‘health-first’...


Adam Bandt elected as Greens leader, kicks off fight for a Green New Deal

Adam Bandt MP, Member for Melbourne, has been elected as the Australian Greens Parliamentary Leader. Adam used his first media conference as leader to call for a government-led Green New Deal to tackle the climate emergency and the jobs and inequality crises. Adam also made a strong pitch to young...


Bandt push for free childcare as next step in Green New Deal plan

Australian Greens Leader Adam Bandt has outlined his vision for universal childcare as part of the Green New Deal recently unveiled after the change in leadership. Mr Bandt said his goal is for universally accessible and free childcare and detailed a policy that would be the first big steps to...

Scott Morrison caught cheating on climate: Bandt

Greens spokesperson for the climate crisis, Adam Bandt MP, has labelled Scott Morrison and his government a pack of climate cheats and said he has been caught out. The government’s climate cheating strategy is in tatters because: Currently, the Paris Agreement rules do not allow for dodgy carryover credits and current...