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

My old friend Neville Wran used to say, 'Anyone can go to jail if they get the right lawyer.' I think the banks must be regretting that they have recruited the Leader of the Opposition as their advocate. I have never seen a more pathetic or confused attempt to try to throw dust in the way, obstacles in the way, of the major bank levy.

It may well be—if banks have a different view about it, different assumptions, they are entitled to express that. The same officials, the same Treasury that has served governments of every complexion over many years, have made those estimates, have made those assumptions, and they are set out in the budget papers. I refer the Leader of the Opposition and his offsider the member for McMahon to those papers to study them, and perhaps in doing so they can learn the difference between cash and accrual. That could be a very good step in their accounting familiarity.

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