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Monday, 15 September 2003
Page: 15169


Senator SHERRY (7:33 PM) —by leave—The opposition opposes the bill in the following terms:

(2) Schedule 5, items 2 and 3, page 24 (lines 11 to 18), TO BE OPPOSED.

(3) Schedule 5, item 6, page 24 (line 27) to page 26 (line 11), TO BE OPPOSED.

(4) Schedule 5, item 13, page 27 (lines 18 to 32), TO BE OPPOSED.

(5) Schedule 5, item 20, page 29 (line 1) to page 30 (line 15), TO BE OPPOSED.

These deal with concerns that Labor has about the infrastructure licensing proposal. I outlined those concerns in some detail in my speech in the second reading debate. I would like from the minister, if possible, a response to Labor's attempts to obtain a more accurate costing of the particular measures that we are considering here in committee.

As I indicated in my speech in the second reading debate, there may be a substantial amount of money involved here. The explanatory memorandum does not indicate the amounts of money via improved concessional treatment in the process that is outlined. When questions were posed to Treasury at the Senate committee hearing, they were not able to assist us in any great detail. They passed the buck to the Australian Taxation Office, who were not there. The minister may be able to inform us this evening in the chamber whether she has received from the tax office any further estimates of more accurate costings in respect of this measure.