Australian banks are some of the most profitable in the world. In Queensland alone, the biggest five banks make on average $42 billion a year in pre-tax profit – all while ripping off us with dodgy fees and interest rates.
It’s time the banks were made to pay their fair share and give back a little to Queensland.
That’s why Greens MP Michael Berkman is introducing a bill for a Queensland Bank Levy of a modest 0.05% per quarter, raising $4.7 billion over four years.
By making sure big banks pay their fair share, Queensland could fund 4,000 nurses, 4,000 teachers, 10 new schools or 5 regional hospitals every single year.