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

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Scott Morrison has rejected a last-minute plea from the banks to impose a sunset clause on the governments 6.2 billion levy on the sector, as Treasury conceded it assumed the impost would be.

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Banks angry at having to sign confidentiality agreement on levy – THE federal treasurer has challenged at least one of Australia’s big four banks to break ranks and declare that they will not pass a new levy onto customers. Scott Morrison accused. only time will.

The Coalition has hung onto power in NSW, with Gladys Berejiklian’s government on track to be comfortably returned. But dig down and the result is more complicated than it appears, with the.

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

“Unless they were to rebate stamp duty paid to state governments there’s not much the federal government can do about that.” homelessness australia said despite the treasurer, Scott Morrison,

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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". After meeting with Treasury officials on Thursday, concerns were raised about the short deadline imposed on the banks to make submissions to the Commonwealth on the proposed levy.

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As the banks continued to attack the Turnbull government over the $6.2bn levy, Xenophon called for the government to go wider than the big five Australian banks and haul in foreign banks. He said it should apply not just to the Commonwealth, National Australia Bank, ANZ, Westpac and Macquarie Bank but to foreign banks of a similar size – BNP.

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