Quite a lot you might think. It's the amount Queensland will spend on health in 2011/12. It's the estimated cost of rebuilding Christchurch. The same amount will be paid to Telstra by the NBN for the existing copper telephone network.
It's also the amount that Australian banks charged in fees last year. It works out at $500 for every man, woman and child in Australia.
Yes, fees to consumers are down - by 16%. However, fees to business went up 21%.
This is the first year in 13 years that overall fee collection didn't rise. They didn't drop either. Give with one hand...........
Do you know how much you paid in bank fees last year? Including credit cards, ATM fees, account and loan fees? If you don't, you should work it out. If it's too high, give us a call.
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