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

Scott Morrison has rejected a last-minute plea from the banks to impose a sunset clause on the governments 6.2 billion levy on the sector, as Treasury conceded it assumed the impost would be.

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.

This Budget was democracy in a glorious little nutshell – If you think you see Scott Morrison. love banks and hate Labor feel vague cognitive dissonance and the anger is rather muted and people don’t talk about it all that much. A good example of this is.

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Scott Morrison's new bank levy with put the big four banks at. – Those are the fears spelt out by the Commonwealth Bank as Treasurer Scott Morrison stares down the country’s largest banks over the .2 billion tax due to start in July.. banks not to pass.

Mortgage rates today, January 30, plus lock recommendations Lower Rates Trigger Jump in Mortgage Applications Mortgage Applications Jump On Continued Lower Interest Rates. – The Mortgage Bankers Association says applications are four-tenths of a percent higher than a year ago. Applications for loans to buy homes were up six-percent for the week and applications to refinance existing mortgages were up five-percent. The national average for a 30-year fixed-rate mortgage fell one basis point, to four-point-65 percent.Today’s current interest rates and yield curve at marketwatch. mortgage rates for 30, 15 and 1 year fixed, jumbo, FHA and ARM.

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.

‘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

If customers don’t. Scott Morrison says the big banks can afford to do their bit for budget repair. RELATED: Anna Bligh, CEO of the Australian Bankers’ Association says this is a cash grab.’ Neil.

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.

Scott Morrison has warned the banks not to pass on to customers the $120 million user-pays charge imposed on them to finance a strengthened Australian Securities and Investments Commission.

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

Federal budget 2017: Scott Morrison pleads with big banks not to pass levy on to customers. The levy will raise $6.2 billion over four years but has been slammed as a "very bad idea" by David Murray, the head of the Government’s financial system inquiry.

As Treasurer Scott Morrison and the bank bosses traded public barbs this week, the lenders’ bean counters got to work dealing with the sobering reality they find themselves in. Whether banks like it.