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Thursday, 12 February 2009
Page: 1266


Mr ALBANESE (Minister for Infrastructure, Transport, Regional Development and Local Government) (9:39 PM) —I move:

That this bill be now read a second time.

The government is reintroducing this bill due to Senate obstruction and I refer to the minister’s previous second reading speech on this bill.

This bill provides for amendments to various acts in relation to the tax bonus payment provided for in the Tax Bonus for Working Australians Bill (No. 2) 2009. 

The tax bonus for working Australians will be paid to resident individual taxpayers who had taxable income of up to $100,000 and who paid income tax for the 2007-08 financial year, after taking into account any tax offsets and imputation credits.

A payment of $900 will be paid to those who had a taxable income of up to and including $80,000 for the 2007-08 income year. 

A payment of $600 will be paid to those who had a taxable income exceeding $80,000 to $90,000. 

A payment of $250 will be paid to those who had a taxable income exceeding $90,000 up to and including $100,000. 

Full details of the measures in this bill are contained in the explanatory memorandum.


The SPEAKER —In accordance with the resolution agreed to earlier, the debate is adjourned and the resumption of the debate is made an order of the day for a later hour this day.