4169 (2026). Chlöe Swarbrick to the Minister of Finance

Written Question

Published date: 02 Mar 2026

Metadata

Document type:	Written Question
Parliament number:	54
Question number:	4169 (2026)
Question asked:	15 Feb 2026
Member asking:	Chlöe Swarbrick
Portfolio:	Minister of Finance
Minister replying:	Hon Nicola Willis
Answer received:	23 Feb 2026
Status:	Question Answered
Reply type:	Reply
Document ID:	WQ_04169_2026
Document guid:	d841c149-81ab-44cb-ba7a-f2044eab8a7b

4169 (2026). Chlöe Swarbrick to the Minister of Finance: 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?

Hon Nicola Willis: 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.