House debates

Monday, 22 May 2017

Questions without Notice

Budget

2:19 pm

Photo of Malcolm TurnbullMalcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

The figures the honourable member raised a moment ago for the fiscal balance impact of a major bank levy totalling $6.2 billion over the forward estimates are calculated net of interactions with other taxes, principally corporate tax. The levy affects corporate and other income tax collections.

Mr Bowen interjecting

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