‘Don’t do it’: Scott Morrison tells banks not to pass on budget levy to customers

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Federal budget 2019: Updates & summary, tax cuts, news Australia Federal Budget 2017 Breakdown: How it affects you personally. Scott Morrison’s 2017 Federal Budget was one that aimed its sights at both the top Budget 2017 : Big banks anger at new $6.2 billion levy .

MORE STORIES ‘A test of their honesty’: Scott Morrison warns banks not to pass on new $6BILLION tax to customers – as he refuses to answer whether the Medicare levy will increase AGAIN

“We’re getting the competition watchdog to ensure that the banks don’t lie to Australians about any costs they impose on their customers. “I’d also make the point that the levy doesn. big banks to.

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Those are the fears spelt out by the Commonwealth Bank as Treasurer Scott Morrison stares down the country’s largest banks over the $6.2 billion tax due to start in July.. banks not to pass.

Treasurer Scott Morrison had pleaded with the banks not to pass the levy costs on to customers, telling executives the public "already don’t like you very much".

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The Turnbull government has warned the big five banks not to lie to their customers if they pass on a new $6 billion levy. scott morrison went further. "What the commission will be doing will be.

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Federal budget 2017: scott morrison pleads with big banks not to pass levy on to customers. The levy will raise $6.2 billion over four years but has been slammed as a "very bad idea" by David Murray, the head of the Government’s financial system inquiry.

‘They don’t like you‘: scott morrison warns big banks to absorb new tax By James Massola and chief political correspondent Updated May 10, 2017 – 7.15pm first published at 1.49pm

Mr Morrison has repeatedly chided the banks and told them not to pass it on to customers or cut. would cease once the Budget was in surplus. “When we return to balance, as we’re projected to do in.

The man who has to deal with that but also has to navigate the controversial bank tax through our parliament is our Treasurer Scott Morrison who joins me now. Many thanks for your time, Treasurer. Interview with Scott Morrison, Treasurer – Growth, Credit Ratings and Banking Levy. Scott Morrison: Good day Ross, good to be with you.