Mr TURNBULL (Wentworth—Prime Minister) (14:19): The figures the honourable member raised a moment ago for the fiscal balance impact of a major bank levy totalling $6.2 billion over the forward estimates are calculated net of interactions with other taxes, principally corporate tax. The levy affects corporate and other income tax collections. Mr Bowen interjecting— The SPEAKER: The member for McMahon will cease interjecting. Mr TURNBULL: If the honourable member would stop interjecting, I will come to the answer. That is why in the first year the net revenue received by the Commonwealth shown in the fiscal balance impact is $1.6 billion. In the second year it is $1.5 billion, and that is because of the net impact of its interaction with other taxes. The difference is the answer to the honourable member's question—that is, the cost in terms of a reduction in receipts of other taxes, principally corporate tax.