Mr MORRISON (Cook—Treasurer) (14:34): 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— The SPEAKER: The member for Rankin is warned! Mr MORRISON: That was the bank tax that those on this side of the House abolished and refused to support. Our major bank levy addresses this issue and assures the major banks and the special position they hold in our financial system. Let's not forget that the four major banks and Macquarie each were able to retain their credit rating after the budget when, sadly, regional banks were not able to maintain theirs. One of the reasons for that is because of the special place they hold in our financial system. The shadow Treasurer may want to sit there with no clothes on when it comes to issues like this because— Honourable members interjecting— Mr MORRISON: It is a horrible thought! I apologise to the House at the suggestion of that image! But, at the same time, he represents a party that brought in a $12 billion mining tax that did not barely raise a sniffle. For that, they should hang their heads in shame.