Tension between the Turnbull Government and the country's biggest banks is escalating as the industry reacts to a new levy in the Budget.
Representatives from the five affected banks have met Treasury officials but the head of the banking industry group says they emerged with more questions than answers.
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![[kt] Emergency Management Minister Kristy McBain speaking in Federal Parliament.](https://assets.sbs.com.au/dims4/default/bc9ba3f/2147483647/strip/true/crop/8256x4644+0+430/resize/1280x720!/quality/90/?url=https%3A%2F%2Fsbs-au-brightspot.s3.ap-southeast-2.amazonaws.com%2F67%2F84%2Fadbfe5cb4756aefd7f300d6b3fe4%2F20260331160991618420-original.jpg&imwidth=1280)
