CCF – Finance and Trade
The South Australian State Government last week introduced a major bank levy in their 2017 budget. This new levy is expected to raise $370 million for the State Government over four years and comes on top of the bank tax introduced by the Federal Government in their May 2017 budget.
Here at CEFA we have recently written a couple of articles explaining the restrictions on government spending.
We had a fantastic discussion, with several hundred comments on social media following our article last Friday. We are pleased that so many people are interested in our Constitution. This is CEFA’s Constitutional ‘Forum’, in which we would like to promote a two way street.
In July this year NSW Premier Mike Baird called a press conference where he and the Minister for Racing Troy Grant announced that the NSW greyhound racing industry will be shut down on 1 July 2017.
After the budget announcement on Tuesday night we thought it might be time to take a closer look at what the Constitution says about Government spending.