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

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The Abbott Government was the federal executive government of Australia led by the 28th. In economic policy, the Abbott Government aimed to rein in a budget deficit.. We will do our best not to leave anyone behind.. Scott Morrison was appointed Minister for Immigration and Border Protection in the Abbott Ministry.

The federal government and Australia's five largest banks are on a collision course.. with Treasurer scott morrison demanding they "pony up" for budget repair. and Macquarie Group were challenged not to pass on the cost of the tax, levy – just as small businesses and families do with their rising costs.

Scott Morrison has called on the big banks to accept the new $6billion levy without passing it on to customers ‘The ACCC, our regulator, will keep close eye on the banks to make sure they’re not.

Australia's banks offer mea culpa ahead of royal commission report. Anna Bligh. 'Don't do it': Scott Morrison tells banks not to pass on budget levy to customers. NAB executive received 36% pay rise as customers were overcharged $34m.

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Banks have been warned not to pass on to their customers a new $6 billion levy being imposed by the government to balance the federal budget, Treasurer Scott Morrison says. A day after the budget revealed the levy on bank liabilities, Commonwealth Bank chief Ian Narev flagged passing the impost on to

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The Royal Commission into Misconduct in the Banking, Superannuation and Financial. Westpac refunded $65 million to 220,000 customers after it failed to pass on. and his Treasurer, Scott Morrison, announced plans for a royal commission.. Commissioner Hayne did not make or name any specific individual who.

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Continuing his budget sales job at the weekend, Mr Morrison ramped up pressure on the banks not to pass the 0.06 per cent levy – which will raise an estimated $6.2 billion – on to customers.

Treasurer Scott Morrison's second budget delivered on Tuesday. each year on the wealthiest two per cent," Mr Shorten will tell parliament.. "It is designed in a way to ensure that the banks do not have to pass it on to their customers, 'I don' t want to say what I'll do': Jobless Australians fear drug tests.

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