Government Banking Contract

In reply to the Hon. S.C. MULLIGHAN (Lee) (28 July 2021). (Estimates Committee B)

The Hon. R.I. LUCAS (Treasurer): I have been advised the following:

The government banking contract rebate in Budget Paper 4, Volume 4, page 171, refers to the total rebates received by the South Australian Government in 2019-20 from both the Commonwealth Bank of Australia and Australian and New Zealand (ANZ) Bank under the respective government wide banking contracts.

The rebate from the Commonwealth Bank of Australia is based on account balances and the rebate paid by the ANZ Bank is based on total card spend.