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

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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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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".

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.

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.

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.

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Anna Bligh says every Australian will have to pay for levy on the big banks. Australia’s banking association ceo anna bligh slammed the move and said that every Australian will have to pay for Treasurer Scott Morrison’s levy. Ms Bligh also said there had been no consultation with the industry ahead of the shock move.

‘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

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.

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.

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