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

That was the bank tax that those on this side of the House abolished and refused to support. Our major bank levy addresses this issue and assures the major banks and the special position they hold in our financial system. Let's not forget that the four major banks and Macquarie each were able to retain their credit rating after the budget when, sadly, regional banks were not able to maintain theirs. One of the reasons for that is because of the special place they hold in our financial system.

The shadow Treasurer may want to sit there with no clothes on when it comes to issues like this because—

Honourable members interjecting—

It is a horrible thought! I apologise to the House at the suggestion of that image! But, at the same time, he represents a party that brought in a $12 billion mining tax that did not barely raise a sniffle. For that, they should hang their heads in shame.

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