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

The estimates for the major bank levy are set out in the budget papers. It may come as news to the shadow Treasurer, but banks do not get to decide how much tax they pay. The ATO works that out. That is who works it out. The shadow Treasurer may think that he can just send his tax return back and say: 'This is what I've decided to pay this year. I'm sorry, the ATO might have a different view about that, but this is what I reckon I should pay.'

The shadow Treasurer seems to have conniptions over the major bank tax levy. He seems to be completely exercised about the fact that we would actually bring into this place a major bank levy that gets the banks to pay some tax. The levy he brought in was a tax on bank deposits; it was a tax on every single pensioner's bank account in this country. That was the bank tax that the shadow Treasurer supported.

Dr Chalmers interjecting—

See this speech in context