Banks given temporary reprieve on levy response
The big banks have been given an extended deadline to respond to new levy laws.
James Massola is chief political correspondent for the Sydney Morning Herald and The Age, based at Parliament House
The big banks have been given an extended deadline to respond to new levy laws.
Senior federal police and ATO officials are likely to be bombarded with questions by Parliament.
Anthony Albanese says Labor should have claimed victory after Coalition's 'ideological surrender'.
Five major banks told they must sign the agreements to see details of the new $6.2 billion bank levy.
Global ratings agency cast doubts over return to surplus, consumer confidence falls and wages stall.
Standard and Poor's confirms AAA rating but leaves the nation on negative watch.
The federal government's housing affordability package is a "sham", Labor's Chris Bowen says, and the measures set out in the 2017 budget will simply drive up prices.
Former prime minister Tony Abbott has given the Coalition's second budget a lukewarm endorsement, describing it as 'the best the government can do in the circumstances'.
The Turnbull government's big-spending second budget has aided their political fortunes.
Voters have given a big tick of approval to four key measures unveiled in Malcolm Turnbull second budget.
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