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Wednesday, 25 June 2003
Page: 12520


Senator FERRIS (3:39 PM) —I present the seventh report for 2003 of the Standing Committee for the Selection of Bills.

Ordered that the report be adopted.


Senator FERRIS —I seek leave to have the report incorporated in Hansard.

Leave granted.

The report read as follows

SELECTION OF BILLS COMMITTEE

REPORT NO. 7 OF 2003

1. The committee met on Tuesday, 24 June 2003.

2. The committee resolved to recommend—That—

(a) the provisions of the Migration Legislation Amendment (Sponsorship Measures) Bill 2003 be referred immediately to the Legal and Constitutional Legislation Committee for inquiry and report on 12 August 2003 (see appendix 1 for statement of reasons for referral);

(b) the New Business Tax System (Taxation of Financial Arrangements) Bill (No. 1) 2003 be referred immediately to the Economics Legislation Committee for inquiry and report on 11 August 2003 (see appendix 2 for statement of reasons for referral);

(c) the provisions of the Postal Services Legislation Amendment Bill 2003 be referred immediately to the Environ-ment, Communications, Information Technology and the Arts Legislation Committee for inquiry and report on 18 August 2003 (see appendix 3 for statement of reasons for referral);

(d) upon its introduction into the House of Representatives, the provisions of the Financial Services Reform Amendment Bill 2003 be referred immediately to the Economics Legislation Committee for inquiry and report on 19 August 2003 (see appendix 4 for statement of reasons for referral); and

(e) the following bills not be referred to committees:

· Communications Legislation Amendment Bill (No. 3) 2003

· Customs Legislation Amendment Bill (No. 2) 2003

· HIH Royal Commission (Transfer of Records) Bill 2003

· National Transport Commission Bill 2003

National Transport Commission (Con-sequential Amendments and Transitional Provisions) Bill 2003

· Textbook Subsidy Bill 2003.

The committee recommends accordingly.

3. The committee considered a proposal to vary the order of the Senate of 18 June 2003 adopting the committee's 6th report of 2003 to provide that the Taxation Laws Amendment Bill (No. 6) 2003 be referred immediately to the Economics Legislation Committee for inquiry and report on 11 August 2003, but resolved that the bill not be referred.

4. The committee deferred consideration of the following bills to the next meeting:

Bills deferred from meeting of 17 June 2003

· Customs Amendment Bill (No. 1) 2003

Customs Tariff Amendment Bill (No. 1) 2003.

Bill deferred from meeting of 24 June 2003

· Migration Amendment (Duration of Detention) Bill 2003.

(Jeannie Ferris)

Chair

25 June 2003

Appendix 1

Proposal to refer a bill to a committee

Name of bill(s):

Migration Legislation Amendment (Sponsorship Measures) Bill 2003

Reasons for referral/principal issues for consideration

Further exploration of the technical aspects of the bill.

Possible submissions or evidence from:

Colleges, universities, employer organisations etc

Committee to which bill is referred:

Legal and Constitutional Legislation Committee

Possible hearing date:

Possible reporting date(s): September 2003

(signed)

Sue Mackay

Whip/Selection of Bills Committee Member

—————

Appendix 2

Proposal to refer a bill to a committee

Name of bill(s):

New Business Tax System (Taxation of Financial Arrangements) Bill (No. 1) 2003

Reasons for referral/principal issues for consideration

Removal of the taxing point on conversion or exchange of certain traditional securities, provides for the deferral of tax liabilities. While it will facilitate capital raising for some companies, it may establish a precedent for other instruments which would be for the purpose of deferring tax rather than raising capital.

Possible submissions or evidence from:

Treasury, ATO, business organisations with an interest in capital raising and the investment industry

Committee to which bill is referred:

Economics Legislation Committee

Possible hearing date:

Possible reporting date(s): 11 August 2003

(signed)

Sue Mackay

Whip/Selection of Bills Committee Member

—————

Appendix 3

Proposal to refer a bill to a committee

Name of bill(s):

Postal Services Legislation Amendment Bill 2003

Reasons for referral/principal issues for consideration

To allow the committee to give due consideration to the regulation of document exchanges and aggregation services, and introduction of measures to monitor Australia Post's delivery of services.

Possible submissions or evidence from:

Australia Post, Major Mail Users of Australia (MMUA), Post Office Agent's Association Ltd (POAAL), Department of Communications, Information Technology and the Arts (DCITA)

Committee to which bill is referred:

Environment, Communications, Information Technology and the Arts Legislation Committee

Possible hearing date: to be determined by the committee.

Possible reporting date(s): 18 August 2003

(signed)

Jeannie Ferris

Whip/Selection of Bills Committee Member

—————

Appendix 4

Proposal to refer a bill to a committee

Name of bill(s):

Financial Services Reform Amendment Bill 2003

Reasons for referral/principal issues for consideration

To allow the committee to consider the provisions of the bill

Possible submissions or evidence from:

Industry and consumers

Committee to which bill is referred:

Economics Legislation Committee

Possible hearing date: to be determined by the committee

Possible reporting date(s): 19 August 2003

(signed)

Ian Campbell

Whip/Selection of Bills Committee Member