What direction did she give to Treasury, if any, on the scope of any advice being prepared on a levy or additional tax for bank profits?

Answer

As a Government, we have an ongoing work programme to improve competition, including in the banking sector. We want to ensure that New Zealanders are getting a fair deal from banking services. Our work to enhance banking competition is wide-ranging and, as part of this, I have sought advice on whether the major banks are paying their fair share of tax.