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It is becoming increasingly apparent that investors looking for a return to the “good old days” in Australian banking are going to be disappointed.
The events over the last year, led by the banking royal commission, mean that bank investment will never be the same again.
The Turnbull Government will fix problems in the system used to share the revenue from the GST leaving all states and territories better off.
This will be the first time real changes have been made to fix problems in how the GST is shared since the GST was introduced almost 20 years ago.