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Thursday, 26 March 1998
Page: 1653

Mr COSTELLO (Treasurer) (9:50 AM) —I move:

That the bill be now read a second time.

The purpose of this bill is to impose a levy on the life insurance industry, consistent with the approach I outlined when I introduced the Authorised Deposit-taking Institutions Supervisory Levy Imposition Bill 1998.

I commend the bill to the House. I have already handed up the explanatory memorandum which covers this bill.

Debate (on motion by Dr Theophanous) adjourned.