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Wednesday, 8 April 1998
Page: 2836


Mr MILES (6:44 PM) —I move:

That the bill be now read a second time.

The background to this bill was detailed in my second reading speech of the Taxation Laws Amendment (Company Law Review) Bill 1998 . The bill imposes a liability to untainting tax in certain circumstances where a company elects to untaint its share capital account. I commend the bill to the House and present the explanatory memorandum.

Debate (on motion by Dr Theophanous) adjourned.