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Bank levy upsets senior lobby

Lobby group National Seniors Australia have criticised the government's plan to put a 0.05% levy on bank deposits in 2016, saying it will force pensioners into riskier investment alternatives.

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Read more: National Seniors AustraliaInvestmentMichael O'NeillAPRAAustralian Human Rights CommissionAustralian Prudential Regulation AuthorityBank levyBank levy upsetsFuture FundFuture Fund Management AgencyJanuary 1 2016O'Neil