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

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.

 · 4. He’s not so good at math. Maybe Scott is so quick to cut education because it’s not his personal strong suit. The budget that the governor unveiled to his tea party friends purports to close the state’s massive, $3.6 billion budget gap by cutting taxes (read “revenues”) and to grow jobs by cutting them. The lowlights:

The major bank levy, a version of the Big Banks Tax the Greens have been demanding for several years, was a shock move in Tuesday’s budget. scott morrison saying the banks had no right to try and.

Mortgage Rates Still Bounce Indecisively Lower Many factors determine mortgage interest rates: the strength of the overall economy, new home construction and existing housing supply, unemployment, and inflation, to name a few. Banks and aggregators also play a significant role; they’re willing to lend more money at lower rates when they’re confident that borrowers will be able to repay.

“If we don’t get a Chihuahua, paying customers and 2-percent for those who pay with E-ZPass. The agency says the hike will result in a toll-revenue growth of 3 percent.. whatever she can do to pass the time. But the flood is always “on a back burner,” in her mind.

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Prime Minister Malcolm Turnbull and Treasurer Scott Morrison have ordered the banks not to pass on to customers the extra $1.5 billion a year they will be forced to pay the budget repair levy and.

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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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Scott Morrison says the bank levy announced in last week’s budget is permanent but he has no plans to raise it any further in the future. The 0.06 per cent tax on the big four banks and Australia.

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‘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