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THE FINANCIAL STRENGTHIS THE BASE OF OUR SUCCESS

Treasurer Scott Morrison insists he's not expecting a fight from Australia's big banks despite announcing a surprise levy on Tuesday night's annual budget.
Australia's budget will impose a levy of 6 basis points on banks with liabilities in excess of $100 billion Australian dollars ($74 billion) in an attempt to raise more than A$6 billion over the next four years.

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Treasurer Scott Morrison insists he's not expecting a fight from Australia's big banks despite announcing a surprise levy on Tuesday night's annual budget.
Australia's budget will impose a levy of 6 basis points on banks with liabilities in excess of $100 billion Australian dollars ($74 billion) in an attempt to raise more than A$6 billion over the next four years.

 

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