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Investment

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 Australia,  Investment,  Michael O'Neill,  APRA,  Australian Human Rights Commission,  Australian Prudential Regulation Authority,  Bank levy,  Bank levy upsets,  Future Fund,  Future Fund Management Agency,  January 1 2016,  O'Neil