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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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Baby Boomers: your millennial children are worse-off than you. Millennials earn 20 percent less than boomers did at the same stage of life, despite.
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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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