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Hansard
- Start of Business
- MINISTER FOR HEALTH AND AGED CARE
- EXCISE TARIFF PROPOSAL NO. 1 (2001)EXCISE TARIFF PROPOSAL NO. 2 (2001)
- PRIVILEGE
- AVIATION LEGISLATION AMENDMENT BILL (NO. 2) 2000
- MEMBER FOR LILLEY
- AVIATION LEGISLATION AMENDMENT BILL (NO. 2) 2000
- MEDICARE LEVY AMENDMENT (CPI INDEXATION) BILL (NO. 2) 2000
- RESIGNATION OF MEMBER
- PRIVILEGE
- MINISTERIAL ARRANGEMENTS
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QUESTIONS WITHOUT NOTICE
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Goods and Services Tax: Employment
(Beazley, Kim, MP, Costello, Peter, MP) -
Economy: Independent Assessments
(Hawker, David, MP, Costello, Peter, MP) -
Small Business: Taxation
(Fitzgibbon, Joel, MP, Macfarlane, Ian, MP) -
Rural and Regional Australia: Interest Rates
(Hull, Kay, MP, Vaile, Mark, MP) -
Goods and Services Tax: Diamond Creek Fair
(Jenkins, Harry, MP, Macfarlane, Ian, MP) -
Taxation: Cuts
(Gambaro, Teresa, MP, Costello, Peter, MP) -
Pharmaceutical Benefits Advisory Committee
(Macklin, Jenny, MP, Wooldridge, Dr Michael, MP) -
Crime Prevention: Achievements
(Moylan, Judi, MP, Williams, Daryl, MP) -
Pharmaceutical Benefits Advisory Committee
(Macklin, Jenny, MP, Wooldridge, Dr Michael, MP) -
Trade Unions: Corruption
(May, Margaret, MP, Abbott, Tony, MP) -
Pharmaceutical Benefits Advisory Committee
(Beazley, Kim, MP, Wooldridge, Dr Michael, MP) -
New Apprenticeships: Training
(Neville, Paul, MP, Kemp, Dr David, MP) -
Pharmaceutical Benefits: Celebrex
(Macklin, Jenny, MP, Wooldridge, Dr Michael, MP) -
New Tax System: Consumer Benefits
(Nugent, Peter, MP, Hockey, Joe, MP) -
Pharmaceutical Benefits Advisory Committee
(Griffin, Alan, MP, Wooldridge, Dr Michael, MP) -
Forests: Old-Growth Logging
(Washer, Dr Mal, MP, Tuckey, Wilson, MP) -
Pharmaceutical Benefits Advisory Committee
(Beazley, Kim, MP, Wooldridge, Dr Michael, MP) -
Dairy Industry: Deregulation
(Thompson, Cameron, MP, Truss, Warren, MP) -
Pharmaceutical Benefits: Celebrex and Aricept
(Beazley, Kim, MP, Wooldridge, Dr Michael, MP) -
Small Business: Interest Rates
(Andrews, Kevin, MP, Macfarlane, Ian, MP)
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Goods and Services Tax: Employment
- ANSWERS TO QUESTIONS WITHOUT NOTICE
- QUESTIONS TO MR SPEAKER
- PRIVILEGE
- PERSONAL EXPLANATIONS
- AUDITOR-GENERAL'S REPORTS
- SPECIAL ADJOURNMENT
- PAPERS
- BUSINESS
- MATTERS OF PUBLIC IMPORTANCE
- COMMITTEES
- BILLS RETURNED FROM THE SENATE
- ENVIRONMENT AND HERITAGE LEGISLATION AMENDMENT (APPLICATION OF CRIMINAL CODE) BILL 2000
- MEDICARE LEVY AMENDMENT (CPI INDEXATION) BILL (NO. 2) 2000
- SYDNEY HARBOUR FEDERATION TRUST BILL 2000
- TAXATION LAWS AMENDMENT (SUPERANNUATION CONTRIBUTIONS) BILL 2000
- AUSTRALIAN RESEARCH COUNCIL BILL 2000
- AUSTRALIAN RESEARCH COUNCIL (CONSEQUENTIAL AND TRANSITIONAL PROVISIONS) BILL 2000
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ADJOURNMENT
- Second Sydney Airport: Bankstown
- Goods and Services Tax: Fuel Excise
- Australasian Correctional Management: Contract
- Fadden Electorate: Jezer Construction Group
- Petrol Prices
- Moreton Electorate: Mount Gravatt Sporting and Workers Club
- Banking: Commonwealth Bank Branch Closure, Wanniassa
- Australian Labor Party: Queensland
- Adjournment
- Main Committee
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QUESTIONS ON NOTICE
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Goods and Services Tax: Information
(Thomson, Kelvin, MP, Costello, Peter, MP) -
Goods and Services Tax: Income Tax Cuts
(Thomson, Kelvin, MP, Costello, Peter, MP) -
Goods and Services Tax: Computer Software
(Thomson, Kelvin, MP, Costello, Peter, MP) -
Telstra: Valuation
(Tanner, Lindsay, MP, Fahey, John, MP) -
Taxation: Capital Gains
(Latham, Mark, MP, Costello, Peter, MP) -
Taxation: Financial Planners
(Andren, Peter, MP, Costello, Peter, MP)
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Goods and Services Tax: Information
Page: 24318
Mr Andren
asked the Treasurer, upon notice, on 9 November 2000:
Has his attention been drawn to concerns expressed by financial planners that the New Business Tax System (Alienation of Personal Services Income) Act 2000 unintentionally applies to their activities when they operate similar business structures to other professions such as accountants and lawyers; if so (a) does the Government view the concerns as justified and (b) what steps will be taken to address the concerns?
Mr Costello (Treasurer)
—The Assistant Treasurer has provided the following answer to the honourable member's question:
The Government is aware of the financial planners' concerns. The Assistant Treasurer, Government advisers and Treasury and Tax Office (ATO) officials have met with representatives of financial planners to discuss the legislation.
The personal services income legislation applies where a person obtains 80% or more of their personal services income from one entity unless the person obtains a personal services business determination from the Commissioner of Taxation. The grounds for a determination include engaging someone to perform 20% or more of the principal work and maintaining business premises that are separate from private premises of the worker (and their associates) and premises of the service acquirer (and associates).
The ATO is continuing to work with the financial planners to make their transition to the new tax system as smooth as possible.