NAB chief executive Andrew Thornton said London-based investors he had met were concerned about the federal government levy, the Australian Financial Review reported on Saturday.
"They're saying the environment in Australia is less stable, less consistent and they have less confidence in Australia as a place to invest."A second Australian state on Friday said it was open to charging its own bank tax. South Australia infuriated major banks by announcing a A$370 million tax on five big lenders on Thursday and Western Australia said on Friday the option was "attractive".The governments of the three most-populous states - New South Wales, Victoria and Queensland - said they had no plans for a bank tax.The federal and South Australian taxes will apply to the so-called 'Big Four' banks - Australia and New Zealand Banking Group Ltd