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Updated Save Share A consumer deposit rush and scramble by business to access cash during the COVID-19 panic triggered a $50 million jump in the amount the big four banks and Macquarie paid through the major bank levy during the height of the economic crisis. While it has been well noted that the banks played more than their fair part in the so-called Team Australia during the pandemic, an analysis by The Australian Financial Review of the latest financial accounts from the lenders showed a sharp jump in their tax liabilities at a time when they were already financially stretched. Not only were Commonwealth Bank, Westpac, National Australia Bank, ANZ and Macquarie early out of the blocks with loan deferrals and helping small businesses manage cash flows and liabilities, the major lenders were banned from accessing any JobKeeper payments for staff that may have needed to be furloughed at the time.

Australian capital territoryJosh frydenbergAnna blighAustralian banking associationNational australia bankFinancial claims schemeAustralia bankBanking associationஆஸ்திரேலிய மூலதனம் பிரதேசம்அண்ணா பிலிக்ஆஸ்திரேலிய வங்கி சங்கம்தேசிய ஆஸ்திரேலியா வங்கிநிதி கூற்றுக்கள் திட்டம்ஆஸ்திரேலியா வங்கிவங்கி சங்கம்