NAB CEO criticizes state payroll taxes, warns of continued high interest rates
National Australia Bank's CEO Andrew Irvine criticized state payroll taxes during a parliamentary hearing on banking last Friday, comparing them to taxing blood donors. He highlighted rising government spending, suggesting that fiscal discipline could alleviate inflation and support private sector growth. Meanwhile, NAB warned that interest rates are likely to remain elevated, reflecting ongoing economic challenges.
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Published 13 Nov 2026, 05:40 UTC · Updated 13 Nov 2026, 05:50 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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