The proposal would increase the Major Bank Levy from the current level (0.06% per annum, 0.015 per quarter) by 10% to the proposed level (0.066% per annum, 0.0165% per quarter). 

The additional revenue would be used to co-fund community banks. 

The proposal is ongoing with a start date of 1 July 2024.

The proposal would increase the Major Bank Levy from the current level (0.06% per annum, 0.015 per quarter) by 10% to the proposed level (0.066% per annum, 0.0165% per quarter). 

The additional revenue would be used to co-fund community banks. 

The proposal is ongoing with a start date of 1 July 2024.

This proposal would eliminate the following withholding tax on interest paid by financial institutions operating in Australia to foreign residents.

• The standard interest withholding tax levied at the rate of 10 per cent
• The reduced interest withholding tax charged on Australian branches borrowing from their foreign parents as outlined in the Australia as a Finance & Technology Centre Advisory Group (AFTCAG) Report.

The proposal would have effect from 1 July 2022.

This proposal would eliminate the following withholding tax on interest paid by financial institutions operating in Australia to foreign residents.

• The standard interest withholding tax levied at the rate of 10 per cent
• The reduced interest withholding tax charged on Australian branches borrowing from their foreign parents as outlined in the Australia as a Finance & Technology Centre Advisory Group (AFTCAG) Report.

The proposal would have effect from 1 July 2022.

This proposal would eliminate the following withholding tax on interest paid by financial institutions operating in Australia to foreign residents.

• The standard interest withholding tax levied at the rate of 10 per cent
• The reduced interest withholding tax charged on Australian branches borrowing from their foreign parents as outlined in the Australia as a Finance & Technology Centre Advisory Group (AFTCAG) Report.

The proposal would have effect from 1 July 2022.

The proposal would provide a $100 million equity investment in the Australian Business Growth Fund (ABGF) that is to be established with funding from banks and superannuation funds.

The objective is for the ABGF to expand to $1 billion as it matures.

The proposal would provide a $100 million equity investment in the Australian Business Growth Fund (ABGF) that is to be established with funding from banks and superannuation funds.

The objective is for the ABGF to expand to $1 billion as it matures.

The proposal would provide a $100 million equity investment in the Australian Business Growth Fund (ABGF) that is to be established with funding from banks and superannuation funds.

The objective is for the ABGF to expand to $1 billion as it matures.

The proposal would provide a $100 million equity investment in the Australian Business Growth Fund (ABGF) that is to be established with funding from banks and superannuation funds.

The objective is for the ABGF to expand to $1 billion as it matures.

This document details the administered, departmental and total funding amounts for capped costings included in Appendix C, Table C-1 of the 2019 Post-election report.