Scott Morrison (Cook, Liberal Party, Treasurer) Share this | Hansard source

And do you know what he said? He said 100 per cent of that would be passed through to the bank depositors themselves.

When it comes to taxing the banks, all he could see were pensioners' bank accounts. But, on this side of the House, we have structured a levy which understands that we want to ensure that bank deposits held by ordinary Australians are not captured in this levy, as they were under the shadow Treasurer's levy. The levy has been structured to reflect that position. It is a fair levy. They say that they support it, but, I have to tell you, the way that they have been carrying on in this House shows that they have just become a puppet for the big banks.

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