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

The Federal Treasurer has urged at least one of Australia’s five big banks to break ranks and declare that they will not pass a new levy onto customers, in the hope the others may follow. Scott Morrison accused Westpac, National Australia Bank, ANZ, Commonwealth Bank and Macquarie of "having a lend of people" over the $6.2 billion, four.

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 · This tells us that the media don’t believe their own polls, but they have no qualms peddling them at us, trying to get us to believe them. They don’t get to have it both ways – saying National could govern alone, then when they do, saying it’s a surprise.

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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.

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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.

Not to be outdone, Scott Morrison is claiming credit for setting up the banking royal commission. Not that he intends to act on any of its findings. He’s busy. Not sitting. As so often is the progression, the Greens were the first to listen to the whistleblowers and the victims and to call for action.

The Treasurer went on to challenge the big four banks to garner people’s support by publicly vowing not to pass on the levy to customers through interest rate rises.

Mortgage applications down 1.2% as rates continue to rise Total mortgage applications were down 3.4% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. But volume was up 31.6% from the same week a year ago.

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.

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.

Treasurer Scott Morrison has been keen to point out that it excludes the vast majority of household deposits, and it is not. banks will ultimately pass on the levy to customers. He thinks the.