Treasurer Ben Wyatt has all but ruled out the introduction of a bank tax in the September budget but has kept the option open for a future decision, while the industry has called on the state government to protect Western Australia’s economic growth by not bringing in the levy.

Mr Wyatt told ABC Radio this morning that he would be keeping a close eye on the South Australian government’s proposal of a 0.015 per cent quarterly tax on bank bonds and deposits before deciding on a similar move in Western Australia.

But if implemented, the treasurer estimated it could raise around $1 billion over four years.

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