Leaked Treasury Memo Could Be Another ‘Banana Republic’ Moment for Australia: Expert

David Montani of Grant Thornton says its time governments work together to deal with tricky tax reform.
Leaked Treasury Memo Could Be Another ‘Banana Republic’ Moment for Australia: Expert
Australia Treasurer Jim Chalmers attends a press conference in parliament house in Canberra, Australia, on July 8, 2025. David Gray/AFP via Getty Images
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The accidental leak earlier this month of Treasury documents—urging restraint on government spending—should be another “Banana Republic” moment for Australian leaders.

David Montani, national head of technical tax at Grant Thornton, said the federal government should seize the moment to spur long term growth and coordinate all three levels of government to improve productivity, particularly in the area of tax.