House debates

Wednesday, 9 May 2018

Questions without Notice

Budget

2:14 pm

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

Thank you, Mr Speaker, but, before the point of order was taken, the point I was about to make about the bank levy was how banks are major companies in this country who pay corporate tax. By the time that the major banks in this country would receive a corporate tax rate of 25 per cent, they will have paid, in the bank levy, more than $16 billion back to the government. But the figure—

Opposition members interjecting

Look, get your calculator out, get a pen, write it down and I'll help you with the maths. You add $9.8 billion to the cost. It's that simple. I know maths isn't your strong suit, and there's no-one on that side who can help you with it. Just add 9.8. It's pretty simple.

Ms Macklin interjecting

Ms Husar interjecting

Mr Brian Mitchell interjecting

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