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Thursday, 26 June 2008
Page: 3550


Senator MILNE (4:19 PM) —by leave—I move Australian Greens amendments (1) and (2) on sheet 5513:

(1)    Clause 2, page 1 (line 7) to page 2 (line 6), omit the clause, substitute:

   2  Commencement

         (1)    Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information

Column 1

Column 2

Column 3

Provision(s)

Commencement

Date/Details

1. Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day on which this Act receives the Royal Assent.

2. Schedule 9

Immediately after the commencement of Part 1 of Schedule 8 of the Tax Laws Amendment (2008 Measures No. 2) Act 2008.

24 June 2008

Note: This table relates only to the provisions of this Act as originally passed by both Houses of the Parliament and assented to. It will not be expanded to deal with provisions inserted in this Act after assent.

         (2)    Column 3 of the table contains additional information that is not part of this Act. Information in this column may be added to or edited in any published version of this Act.

(2)    Page 23 (after line 21), at the end of the bill, add:

   Schedule 9—Provisions relating to capital expenditure for the establishment of trees in carbon sink forests

1  Application of Schedule 8 of the Tax Laws Amendment (2008 Measures No. 2) Act 2008

The Income Tax Assessment Act 1997 has effect as if Schedule 8 of the Tax Laws Amendment (2008 Measures No. 2) Act 2008 had not been enacted.

The purpose of these amendments is to add a schedule which effectively repeals the schedule that was in the bill that went through last week. So this is the clause that would kill the schedule that went through last week, and I am asking that the two be dealt with together.

Question put:

That the amendments (Senator Milne’s) be agreed to.