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

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Shorten to Turnbull: What is the punishment for the big banks if they pass on this new tax to customers. do the wrong thing and don’t act on malfeasance will be out of the business. These are tough.

Morrison warned the banks — some of Australia’s most profitable companies — not to pass on the hit to customers as it did not apply to mortgage or deposit accounts. "If they do, take your money somewhere else, take your money to a regional or smaller bank," he said.

Levy on big banks to help Australia’s budget repair task: Treasurer Morrison Australia’s Treasurer Scott Morrison. shows they don’t think it will have any impact on investment or growth." There’s.

But he implores them not to pass on budget pain to customers.. Scomo To Banks On Likeability: ‘We Feel Your Pain’. Morrison tells the banks not to pass on the levy.

But now, the banks’ pricing power looks set to be tested, on many fronts. That should make it harder – but not impossible – to pass on the levy to customers. they don’t like the deal from their.

Cranky banks urge Scott Morrison to drop aggressive tactics. but warned them not to pass on the cost of the levy to customers, saying the public "already don’t like you very much". One of the.

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Interview with John Laws, 2sm. subjects: budget 2017. JOHN LAWS: The Treasurer Scott Morrison has delivered the Budget overnight and, hopefully, he’s on the line. Scott Morrison, good morning.. It’s not a levy on bank customers at all. I mean there was a bank deposits tax.

Treasurer Morrison has been travelling the country berating the banks and begging them not to pass on his tax to customers – you and me. Treasurer Scott. already don’t like you very much. tell.

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