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Friday, 13 December 1996
Page: 8608


Mr COSTELLO (Treasurer)(3.31 p.m.) —I would like you to note then, Mr Deputy Speaker, that the opposition voted against that amendment. I would like it recorded in the Hansard that the Manager of Opposition Business (Mr Crean) called `no' on that amendment, meaning that the Manager of Opposition Business then called `no' on the Senate's amendment not to proceed with the reduction, not to proceed with the change in the threshold.


Mr Latham —Read the Hansard , and what I said, because I supported it.


Mr COSTELLO —I am afraid that the opposition just voted against the amendment. I would like that to be recorded in Hansard .


Mr DEPUTY SPEAKER (Mr Andrew) —I think Hansard would have recorded the Treasurer's comments. The Treasurer has the call.


Mr COSTELLO —The second amendment relates to mining rights.

Mr Crean interjecting


Mr DEPUTY SPEAKER —Order! The member for Hotham. The Treasurer has the call.


Mr Crean —He is baiting me.


Mr DEPUTY SPEAKER —The Treasurer has the call. The member for Hotham knows better than he does. I do not like your interjection.


Mr COSTELLO —The second amendment relates to transitional provisions for the removal of a paragraph. I move:

That amendment No. 2 be agreed to.

The second amendment relates to transitional provisions for the removal of paragraph 23PA of the Income Tax Assessment Act 1936. This amendment will ensure that the market value of rights to mine accrued prior to the date of the government's announcement are protected.