2nd Jun 2017
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Think tank projects how much the bank levy will cost Australians
australian money and a calculator

As Scott Morrison continues his war with the big banks, one prominent think tank has calculated how much the Federal Treasurer’s bank levy will cost the average Australian.

The Australia Institute (TAI) has worked out that, should the big banks pass on the cost of the Federal Government’s bank levy, announced in Budget 2017/18, Australians will be less than $10 per year out of pocket.

The banks have said they would pass the cost of the levy onto shareholders through reduced dividends. So the average superannuation balance would be $7 worse off each year.

Most Australians with a super account are shareholders in banks through their super fund investments. TAI’s study reveals that, in 2015/16, the average super balance held around $3141 worth of shares in the big five banks, and received around $161 in dividends.

If the banks passed on the levy to customers, it would cost them about 60 cents per month.

Scott Morrison has been calling on customers to ditch their banks if they pass on the levy. TAI’s report revealed that if customers were to move to a smaller bank, they could save $6,096 in interest per year (based on the average mortgage amount).

"Ironically, if the banks choosing to pass on the levy to customers led to people shopping around, mortgage holders could be big winners," said TAI’s Senior Economist Matt Grudnoff.

Mr Grudnoff also said that if the banks want to benefit from a government guarantee that they would be bailed out of financial difficulty, then they should have to pay for this insurance.

Mr Morrison says it’s necessary for the banks to accept the levy to support schools, hospitals and pension payments.

"Many other Australians have had to deal with some hard decisions we have had to make over the last four years," said Mr Morrison. "It's a fair levy, it's a reasonable levy, it's in place in other countries around the world and it’s also a levy that banks are in a position to support."

Read more at The Australia Institute

Do you think this is fair? Should the banks just swallow the cost? Or are you happy to lose $10 per year to support spending elsewhere? Isn’t this just another tax on us?

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    COMMENTS

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    Needy
    2nd Jun 2017
    10:38am
    Mr Morrison said it was a bank levy. What don't the banks understand? It is for the banks to pay from their profits not for them to keep all their profits and put the levy on their customers.
    Needy
    2nd Jun 2017
    10:41am
    Mr Morrison needs to stipulate that the levy has to be paid out of their yearly profits.
    GreyViper
    4th Jun 2017
    12:36pm
    Hello? Any one there? This is Australia, not North Korea! The government can't (and shouldn't) try to control how a company operates it's business. I think this tax (levy) is so wrong and when the government starts picking on certain sections of the business community just because they are an 'easy' target we have real problems! YES! The banks make big profits but they are a legal, legitimate business and no section of the business community should be targeted for a NEW TAX just because the government thinks the public resents the profits they make. It can only come from one of two sources - either they cop it and it comes out of their profits and is therefore paid by their shareholders or they pass it on to their customers through higher interest rates or increased charges - either way Joe Public pays, either through their superannuation or through increased bank costs. If you don't like the company take your business elsewhere, don't call out for the government to control how they operate! We don't need more taxes, we need to reduce spending and BOTH sides of government should get together (a pipe dream, I know) and work HARD at ways to reduce the cost of government for the Australian people instead of this ridiculous attempts at point scoring against each other in the hope of winning the next election! It won't matter which side wins, if they don't co-operate on this we are headed "down the Gurgler" and I despair for this country and its people.
    Patriot
    2nd Jun 2017
    10:47am
    Just another TAX in disguise!
    I'm sure that ScoMo knew this all along!
    TREBOR
    2nd Jun 2017
    10:57am
    Their sociopathic numbah crunchahs on $180k a year plus perks will easily figure that $10 a week for every old lady is nothing...... won't affect them.
    Trees
    2nd Jun 2017
    11:29am
    $10 per year not $10 per week if you re-read the article TREBOR
    TREBOR
    2nd Jun 2017
    12:10pm
    Believe it when I see it....
    TREBOR
    2nd Jun 2017
    12:18pm
    $10 a week was an example of the thinking of numbah crunchahs, not a definitive figure, Trees.
    Trees
    2nd Jun 2017
    12:37pm
    sure it was TEBOR
    Anonymous
    2nd Jun 2017
    3:16pm
    Trees you should know that TREBOR is not the sharpest knife in the draw?"
    TREBOR
    2nd Jun 2017
    3:31pm
    Actually I'm the one who sharpens the knives....
    Trees
    2nd Jun 2017
    5:20pm
    Roby this site is all about opinions, right, wrong or indifferent, we all have them & we can all voice them. I don't even pretend to understand half the stuff that is said on here, it twists, turns, contradicts from one day to the next & nobody ever stays on subject - it is very entertaining :)
    TREBOR
    2nd Jun 2017
    7:13pm
    You're sounding like a TREBOR apologist, Trees... thanks.
    TREBOR
    2nd Jun 2017
    10:55am
    What's this 'IF', White man? Why would you ever imagine it would be any other way?
    TREBOR
    2nd Jun 2017
    10:56am
    It's exactly like all the privatisation ventures - another burden on the tax payer and the government still gets taxes out of its share and direct taxes etc.

    NEVER trust a government with a policy involving money.
    Anonymous
    2nd Jun 2017
    11:15am
    TREBOR you certainly do a lot of winging how do you you think the Government are going to pay you pensioners without other taxes or are you prepared to take a little less welfare?

    All pensioners just keep putting there hand out for welfare that is why people call them bludgers.
    TREBOR
    2nd Jun 2017
    11:30am
    First of all, Roby - we don't disparage our fellows here with terms like 'whinging' - though you could learn to spell the word before using it.

    What are you? Fifteen years old?

    The government will pay for pensions and other core Social Security out of the tax that has gone into consolidated revenue for fifty years of the working life of pensioners who've contributed mightily to this nation. You obviously have difficulty keeping up with reality.

    Pensioners do not receive 'welfare' - they receive the return on their contribution to which they are entitled, so don't you even begin to consider the term 'bludgers', you guttersnake piece of excrement.

    Thank you for coming - now make us all happy and leave. Some bring happiness wherever they go - some bring happiness WHENever they go - you are of the latte stamp.
    Trees
    2nd Jun 2017
    11:35am
    It was always a forgone conclusion that it would be passed onto the banks customers. Like I said before all we are able to do if we feel strongly is to move to the small banks endeavour not to support the big 5 banks or get over it.
    Anonymous
    2nd Jun 2017
    11:45am
    Can't take a bit of your own bullsh-t TREBOR I have been on this web sight for years but just don"t comment much as most of you are on Government handouts and boy you cap it off as the biggest winger of all.
    Trees
    2nd Jun 2017
    11:46am
    TREBOR you don't think your comment to Roby is disparaging???
    TREBOR
    2nd Jun 2017
    12:12pm
    You started the insults, Roby - now get off with you. You don't think enough to offer comment - and my comment was intended to be disparaging to this ghett for his insults.

    Can't take it - don't hand it out, children, and keep your discussion within the confines of decency and reason - or accept the consequences.
    Trees
    2nd Jun 2017
    12:42pm
    Cracking me up TREBOR :) you are so contradictory.
    TREBOR
    2nd Jun 2017
    12:47pm
    Nothing contradiction in it - now go back to the lesson for today. I'm good for a laugh often - but not that kind of laugh.
    Trees
    2nd Jun 2017
    1:03pm
    You know what, I'm going to let this go because its just too funny.
    Spell check alert (as you do to others) do your mean contradictory??????? Hate when people correct my spelling because they have nothing better to pick on or want to insult your intelligence but I just can not help myself this once :)
    TREBOR
    2nd Jun 2017
    3:05pm
    Ah - I corrected poor old Roby the Union hater's use of words- not yours - never had an issue with your command of the English language. You seem intelligent and articulate, if somewhat paranoid...

    Now Roby has us assured that credit unions will only funnel your money back into Unions, who naturally - to Roby - are all scumbags.

    Who'd've thunk that!!
    Anonymous
    2nd Jun 2017
    3:22pm
    TREBOR now you can"t even read you oaf I said union Super funds not credit unions give money to the Unions man are you just plain slow ?
    TREBOR
    2nd Jun 2017
    3:32pm
    Poor old Roby - his English is so limited he has to revert to three letter words.... 'oaf' .. not something anyone would call such a fine, svelte, upstanding figure of a man with a high intellect and articulacy...

    (sorry about the big words)....
    TREBOR
    2nd Jun 2017
    3:37pm
    Why drag Union super funds into discussion of Credit Unions, then, Robespierre?

    Try to maintain a straight line...

    You really are side-tracking discussion here, old boy.. let's get back on track, shall we?

    If we need side-tracking we can summon OG or Bonny by the use of some arcane mystical ceremony....

    Now - what do YOU think the banks will do in response to being asked for a minute fraction of their profits to 'assist in the budget emergency'?

    I predict they'll find a new fee that will more than compensate them for it, and apply that, so the imposition on the end user will be higher than at first thought.

    We see that process with government agencies raising fees (undeclared taxes) and 'privatised organisations' raising fees if they can't raise direct cost charges..... why would the banks be any different?
    Anonymous
    2nd Jun 2017
    3:40pm
    TREBOR old boy I had a lot of other words I could have used but I get kicked off this web sight a lot so I did not want to upset you lefties to much this being a left wing web sight.
    TREBOR
    2nd Jun 2017
    6:39pm
    Now I wonder why you'd get kicked of this web site and others? Nothing to do with your personal vitriol, is it?

    Amazing prejudices you have on board there, old chap - it seems that, to you alone, people who discuss or oppose anything are 'whingers', that all pensioners are bludgers, that all Unions are crooks, and that any site open to discuss issues is a 'leftie' site.

    You forgot to include that the ABC is a hotbed of leftist propaganda....

    Dearie me - take two bottles of scotch and call me in the morning.... once you wake up you will find it a different world out there.
    MICK
    2nd Jun 2017
    11:10am
    Who would know. Not as if the banks are going to tell anybody is it and I am not sure the public or government will be able to find out.
    Old Man
    2nd Jun 2017
    3:11pm
    Again we agree MICK. Yes, there will be a cost on customers, no, there will be no difference to shareholders. This proposed tax is quite small, 0.06%, and as banks raise interest rates without the Reserve bank moving theirs, it will be ever so simple for banks to announce an interest rate hike. Of course, the rise will have nothing to do with the new government tax, it will be because of "market forces".
    floss
    2nd Jun 2017
    11:26am
    Roby your comment is way out of line ,I suspect you support this corrupt Government.
    TREBOR
    2nd Jun 2017
    11:31am
    I suspect Roby lacks the intellect and even knowledge to even do that.
    Anonymous
    2nd Jun 2017
    11:51am
    I know all welfare reciptients are left wingers so I don"t support those fools who wish to bankrupt this country.
    TREBOR
    2nd Jun 2017
    12:16pm
    So exactly who are these 'welfare recipients' (spelling corrected again)? Pray tell us of your infinite wisdom on the subject so we can all be on the same page.... give us your list so we can pick it apart for you and set you on the straight and narrow.

    We don't have 'welfare' here - we have bought and paid for by generations social security.
    Anonymous
    2nd Jun 2017
    12:37pm
    Probably you went from the dole to the pension TREBOR that is WELFARE
    Triss
    2nd Jun 2017
    12:39pm
    Roby, is being offensive to others the only way you can feel better about yourself?
    TREBOR
    2nd Jun 2017
    12:48pm
    No, son - I went from DSP awaiting DVA outcome to pensioned off... now it's my turn to be a burden on the government.
    Triss
    2nd Jun 2017
    12:48pm
    Roby, from around 1940 people paid into a compulsory superannuation scheme like they do now, I think it was 7.5%. If you insist that makes the pension welfare then everyone who is paying into a superannuation scheme now will be on welfare when they retire, teachers, nurses...you.
    TREBOR
    2nd Jun 2017
    12:48pm
    And I thought Ad Hominem was a gay advertising agency.... oh, well - you learn something every day.
    Trees
    2nd Jun 2017
    12:51pm
    Oh Triss seriously everyone on here is offensive, read the comments above don't just pick on one individual
    Triss
    2nd Jun 2017
    1:07pm
    No they're not, Trees.
    Trees
    2nd Jun 2017
    1:20pm
    Ok Triss they are not :D
    TREBOR
    2nd Jun 2017
    2:51pm
    Dearest Trees - I don't believe I've slagged you, and I customarily don't -but when some upstart comes along and starts to mumble darkly about 'whingers' and 'pensioners are bludgers'... he deserves to be hung by the family jewels...

    It may be that you are simply an overly sensitive soul... don't take it to heart..

    I rather liked your monicker initially being something of an Old Hippy or whatever myself (never thought I'd see the day) - but your politics... well.... let's just say nice to have met you.
    Trees
    2nd Jun 2017
    3:17pm
    Me sensitive? nope I'm not sensitive, I do have opinions & I am happy to share them.

    Politics, the way I see it, it doesn't matter who is in power the issues will still be the same, nothing is going to change if you just complain on line, I believe one of your comments yesterday was "I have not yet begun to fight" (or similar) well get out there TREBOR & lead the march you obviously are very passionate about the cause.

    You're an old hippy that is cool, before my time but very cool.
    TREBOR
    2nd Jun 2017
    6:42pm
    Ex-military man, public servant and security guy - my suggestion that I was an Old Hippy had capitals on both 'old' and 'hippy' - inferring that both words went together but held no solid connection.

    I may be an Old Hippy because I plant trees and gardens and such and love doing so - but a hippy I never was.
    TREBOR
    2nd Jun 2017
    6:44pm
    Remember that words have power - a phrase I believe came from Naom Chomsky, but was adopted by the feminists to further their views on the use of language in society. So when I add those capitals it actually means something else... and on that other thing - anyone is entitled to a mistake now and then. I was between taking out an air conditioner and an old firebox in renos and had a handy man on an hourly rate here.
    TREBOR
    2nd Jun 2017
    6:45pm
    Damn - that's Noam Chomsky....
    TREBOR
    2nd Jun 2017
    6:55pm
    And Trees - I might make the occasional typing mistake - but my spelling is not permanently impaired like some...
    TREBOR
    2nd Jun 2017
    6:56pm
    .. or is that sum? Robes? Heemie? Help me out here.... you're the chief proponents of Anti-English.... heemie, of course, specialises in capital punishment - hardly ever uses them....
    billy boy
    2nd Jun 2017
    11:54am
    all this talk ? banks will do, as they've always done, they know how to soften the blow for themselves, always have, always will, increases will happen, and the end result is, the customer always pays, it will never change, directly or indirectly, sadly
    Trees
    2nd Jun 2017
    12:44pm
    Absolutely right billy boy
    billy boy
    4th Jun 2017
    11:27am
    thanks trees, very simple thinking, yes, not hard to work out ;)
    PlanB
    2nd Jun 2017
    12:06pm
    My bank has already cut the interest for the GREAT amount of 1.35% to 1% but the Government is STILL deeming all of us to be getting 3.25% so some people will be getting their pensions cut because they are deemed to be getting a darn sight more than the are actually getting
    floss
    2nd Jun 2017
    12:24pm
    Roby the Big End of Town are doing a good job of stuffing this country and for your information I am over 70 and do not receive one cent of Government support, and I still think people on a pension are getting screwed.
    Anonymous
    2nd Jun 2017
    8:35pm
    But you seem to be still a loser have you ever worked a day in your life I doubt it
    Joy Anne
    2nd Jun 2017
    12:31pm
    I don't agree with banks passing onto customers. They have already in the last year increased interest rates on mortgages when the RBA has left on hold. They already have made that money up. Definitely should not be passed onto customers, out of Banks profits only.
    Tikitik
    2nd Jun 2017
    1:06pm
    Roby , you really need to become better informed . Current aged pension recipients paid 7.5 % into a government retirement fund for all/most of their working life only to have it stolen and put into consolidated revenue . And you have the audacity to label aged pensions as 'welfare ' . Really !! Wonder how you will react when the government freezes your super and confiscates your funds . Based on government behaviour in the past I wouldn't be surprised if this was to eventuate in line with a cashless economy. Ageism is alive and well and it's people like you who perpetuate it with your ill informed nonsense . Karma is a bitch , let's hope it doesn't bite you in your hip pocket when you are at the most vulnerable stage of your life .
    Triss
    2nd Jun 2017
    1:11pm
    Yes, you're right, Tikitik, it was a complulsory payment into a superannuation scheme therefore it can't be considered a handout and welfare otherwise everyone who is paying into super now will be considered welfare recipients when they retire.
    TREBOR
    2nd Jun 2017
    2:52pm
    Aye they diverted the river into the consolidated revenue dam - but the flow was still the same river....
    TREBOR
    2nd Jun 2017
    2:57pm
    I must add that social security doesn't ONLY cover pensions - the levy was a form of national social security insurance, and was intended to cover all. Politicians shagged it by taking the cash first, then adding extra bits for those without real need onto 'social security' until we have a ravening monster - though that monster does NOT include core social security such as pension and unemployment. In pensions I include DSP, but there are many in receipt of 'social security' even sometimes by another name that have no genuine need of it.

    THERE is the problem. And let us not forget that social security payments, being of the lowest order in the nation, are rapidly taken up again within the tax cycle, and thus constitute a miniscule, if any, net cost to government - unlike - say - offshoring $130Bn for the pollie's 'futures fund' or paying Frogs of
    Spicks $50Bn to build submarines that could be easily built by unemployed trades people here..... and thus return their income back into the tax cycle via spending..... which clearly is never going to happen with the Frogs and Spicks etc....

    Maybe the government is expecting some 'trickle-down' from Spain and France over its spending there..... they'll be waiting a long time...
    Retired Knowall
    2nd Jun 2017
    4:59pm
    Are those that have Never Worked, never paid Tax and now on the OAP on Welfare?
    Trees
    2nd Jun 2017
    5:54pm
    Retired Knowall, technically speaking I guess if you have never paid taxes & go the OAP you are still on welfare under a different name?
    TREBOR
    2nd Jun 2017
    6:47pm
    No - some people are disabled from birth, and very, very few never work. Like any good insurance policy intended to cover all, the payments do not discriminate.

    That was the way the Liberal party set it up.... now the Anti Liberal party want to turn it backwards.... Bob Menzies would turn over in his grave....

    Technically? Perhaps - but not under the conditions of the policy.....
    Anonymous
    2nd Jun 2017
    9:08pm
    Trebor from your blogs you never worked a day in your life I worked seven days a week to pay my way you are scum I don't get nothing from the Government you are the ultimate bludger
    Julian
    2nd Jun 2017
    1:30pm
    Years ago, bank transactions had taxes attached, namely fid, bad etc The gst replaced those. Now they're back, just like the M4 toll. At some point I'd like this poll question put to the people:

    Do you trust anything a politician says?
    Chris B T
    2nd Jun 2017
    2:05pm
    There are alot more smaller banks and credit unions that will not have This Levy Imposed upon them.
    Still have $250k per deposit guarantee by the Government.
    Simple use this group instead, or just keep on taking it and whinge how badly done by you are.
    Some in this group have a monthly fee exemption allowance as well for ATM's etc.
    Bonny
    3rd Jun 2017
    5:00pm
    And where do these smaller banks get their money? You guessedit so it will be passed onto their customers too.
    floss
    2nd Jun 2017
    2:18pm
    Yes a Credit Union or Industry Super Fund is the way to go any other way you will get screwed.
    Anonymous
    2nd Jun 2017
    2:33pm
    Don"t worry Floss you get well and truly screwed by Union super Funds 20% of you money and your profit goes straight to the Union scumbags and don"t believe the balance shown to you on the year end statement as that is not what you will get at the end it is a lot less I can asure you.
    Sundays
    2nd Jun 2017
    4:42pm
    Really Roby! The year end balance on your super statement IS correct at that point in time. If that's the day you withdraw your funds, that's what you will get. What evidence have you that this is not the case, not talking future predictions
    ex PS
    6th Jun 2017
    9:56am
    Just been through the process of collecting a pension from Q-Super. My wife got exactly what she expected from a combination of Defined and Accumulative Accounts. When did you go through the process Roby?
    You have to take some responsibility for the Super Fund you choose, if you chose a non-union affiliated Super fund and got ripped off, I guess in the long run you have only yourself to blame.
    Our Super fund had an advisory board that insures that money can not be siphoned off to political or financial organisations that do not meet the investment criteria, I would very much doubt that any reputable Super Fund would operate any differently.
    All I can say is I have been through the Super payout process and my wife has gone through the same process and both our expectations were met.
    I suspect your obvious anti Union bias has clouded your judgement to the extent that you are now paying the price by having an ineffectual Super Fund. You have my sympathy.
    KB
    2nd Jun 2017
    2:36pm
    I agree with Needy.

    2nd Jun 2017
    6:12pm
    read all the comments, am I not surprised that even the second part of the siamese twins, masked mickey, is not supporting the comments of his other half, tremor?
    only god can tell us how he could create dumber then dumb persons the like of tremor who can't even see the difference of $10.00 a year is being less then $10.00 a week, Roby, where I come from, victoria, we call the likes of tremor a stubby short in a six pack, I love your comment, "not the sharpest knife in the draw", a gem and direct to the point, hope to see more of your classicals to brighten these columns up.
    Any tax will be paid for by the user of the products which are taxed.
    TREBOR
    2nd Jun 2017
    6:50pm
    Ah, heemie - on cue out of the woodwork... I've never met Mick, but admire his principles..... and his refusal to engage in attacking the man unless provoked.....

    I did not refer to the figure in the article - I simply use the figure of $10 as an example of the thinking of numbah crunchahs.

    One more personal from you and it's adios, muchacho. Now take your tablets and lie down for an hour... it might help....
    KSS
    2nd Jun 2017
    9:14pm
    " I've never met Mick, but admire his principles..... and his refusal to engage in attacking the man unless provoked.."

    Seriously TREBOR? Seriously?
    floss
    2nd Jun 2017
    6:37pm
    Roby sorry but I have been with a industry since they fist started and they put a lot more back in my pocket than a bank controlled fund ever would I. just can't understand your way of thinking you seem to have a axe to grind for some reason.
    Anonymous
    2nd Jun 2017
    8:38pm
    I don"t like losers like you
    Eddy
    3rd Jun 2017
    12:06am
    Okay Roby, how do you define a 'loser'. I understand it is an American expression used as an insult. What do you mean by it?
    floss
    2nd Jun 2017
    7:31pm
    Yes Trebor would have to agree I thought the old Red under the bed was used to scare people to vote a certain way and union bashers were a long gone but some people are still living in the past.
    KSS
    2nd Jun 2017
    9:16pm
    " but some people are still living in the past."

    Yup! TREBOR for one.
    ex PS
    6th Jun 2017
    9:59am
    Now it seems to have been replaced with the Unionist under the bed. Quite humorous to see so called grown ups influenced so easily.
    It is the old Boogy Man strategy.
    PlanB
    3rd Jun 2017
    8:30am
    Scott Morrison is a smirking hard hearted SOB but he is also a so-called FULL ON "Çhristian" as is Abbott and the rest of them -- enough to make anyone turn right OFF these religious NUTS.
    floss
    3rd Jun 2017
    11:26am
    Roby for your information I worked for 45 years and was on first call for some 25 years keeping the power on when you were fast asleep with your electric blanket on.My last comment.
    Anonymous
    4th Jun 2017
    6:30pm
    any wonder I froze so many times
    Bonny
    3rd Jun 2017
    5:03pm
    Guess what folks no matter who you use for your banking you will pay the levy as the big 5 control the money flow in Australia. That stuff about smaller banks not being charged is utter rubbish.
    Anonymous
    4th Jun 2017
    6:40pm
    Bonny you got it right, regardless of what the government states, we, the people, the bank clients, the card users credit or debit, the mortgagee will pay for this tax, anybody believing different is a fool to themselves!
    ex PS
    6th Jun 2017
    10:01am
    Thanks O.G.

    3rd Jun 2017
    5:30pm
    as usual our tremor threaten to shut you up if your opinion differs from his/her, showing the true nature of a labor or union bully by crying foul to life choices and hoping by doing so to silence the opposite views as he has done several times lately! maybe the shoe might be on the other foot this time.
    Anonymous
    4th Jun 2017
    11:33am
    Good Morning heemskerk99 good to see somebody with a few brains there are not to many on this websight, I like to try and keep the lefties on this sight to only small doses of crap that they come out with, however I do expect to be booted off as this is what normally happens when you go against these people, however I will be back.
    Not Senile Yet!
    4th Jun 2017
    10:43am
    Big Con by Govt.
    They have the legal authority to stop the Banks passing it on.
    They can remove their licence to operate if they do pass it on. No Balls Mr Morrison!
    Anonymous
    4th Jun 2017
    6:51pm
    not senile yet, do you really expect for the government to remove their licence, the country will be bankrupt within 24 hours, oh how I would give a fortune to just see just once for the lfc contributors to come up with a practical and legal comment, any wonder this country is going down the chute, just fancy a country without private banks, even whitlam would turn in his grave at the thought of that let alone hawkey etc.
    Anonymous
    4th Jun 2017
    6:52pm
    Might not have balls but got more brains than you'll ever hope to have
    Anonymous
    4th Jun 2017
    8:13pm
    you are correct heemskerk 99 we are down the Gurgle I know you are in Victoria like me how about Dan AndRews for Prime Minster the man a complete F-cker if he dies what about Tim Pallas I like a good laugh
    GreyViper
    4th Jun 2017
    12:57pm
    What was this topic about? I read through all this and I now have no idea what the discussion was about? If only a lot of you people could stop trading personal insults, leave politics out of it and stay on topic these discussions would be SO MUCH SHORTER, a lot more interesting, and may actually arrive at some conclusion. It's really disappointing to see how some of you 'senior citizens' attack each other instead of sticking to the topic and taking part in a MATURE discussion. REALLY SAD, PEOPLE!
    mike
    8th Jun 2017
    12:21pm
    Are you bloody kidding me, this is another attack on retirees by the government. Hockey started by calling disabled rorters and smashing the retirement plans of 560000 , those who worked and saved for their retirement, whilst rorting the travel allowance and filling his own back pockets. Now Turnbull is doing the Grand Bank Theft, stealing from the very banks that kept our economy safe during the WFC. He is stealing from the mum and dad investors, the retirees super accounts, and the self funded retirees who invested in Australian banks whilst giving foreign owned banks an unfair advantage. +We have lost our motor vehicle manufacturing , our textile industry to foreign interests, now Turnbull is pulling our banks down and giving foreign owned banks an advantage. Is Turnbull really trying to wreck our economy, or is he just want to fill his back pockets and too stupid to realise what he is doing. Any wonder people turn to Pauline
    Anonymous
    8th Jun 2017
    7:05pm
    how quick our mickey can change his opinion, first he attacks the banks, calls them parasites etc, etc, (see earlier editions) yet now he states they are the saviours of Australia, mickey are you after another loan to invest in another property to rent out or are you following the instructions of your so beloved labor party? I expect as is usual this question to be answered by your siamese twin, sergeant earth quake or should that read trembling in my socks


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