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Hansard
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BILLS
- Broadcasting Services Amendment (Digital Television) Bill 2012
- Marine Safety (Domestic Commercial Vessel) National Law Bill 2012
- Marine Safety (Domestic Commercial Vessel) National Law (Consequential Amendments) Bill 2012
- Navigation Bill 2012
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- Australian Citizenship Amendment (Defence Families) Bill 2012
- Superannuation Legislation Amendment (Stronger Super) Bill 2012
- Superannuation Supervisory Levy Imposition Amendment Bill 2012
- Tax Laws Amendment (Cross-Border Transfer Pricing) Bill (No. 1) 2012
- Tax Laws Amendment (2012 Measures No. 2) Bill 2012
- Income Tax (Managed Investment Trust Withholding Tax) Amendment Bill 2012
- Pay As You Go Withholding Non-compliance Tax Bill 2012
- Tax Laws Amendment (2012 Measures No. 3) Bill 2012
- Income Tax (Seasonal Labour Mobility Program Withholding Tax) Bill 2012
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QUESTIONS WITHOUT NOTICE
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Member for Dobell
(Hartsuyker, Luke, MP, Gillard, Julia, MP) -
Carbon Pricing
(Livermore, Kirsten, MP, Combet, Greg, MP) -
Gambling
(Bishop, Julie, MP, Gillard, Julia, MP) -
Road Infrastructure
(Saffin, Janelle, MP, Albanese, Anthony, MP) -
Asylum Seekers
(Morrison, Scott, MP, Gillard, Julia, MP) -
Family Payments
(D'Ath, Yvette, MP, Macklin, Jenny, MP) -
Prime Minister
(Andrews, Kevin, MP, Gillard, Julia, MP) -
Small Business
(Cheeseman, Darren, MP, O'Connor, Brendan, MP)
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Member for Dobell
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Federation Chamber
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QUESTIONS IN WRITING
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Foreign Affairs and Trade (Question No. 962)
(Bishop, Julie, MP, Emerson, Craig, MP) -
Prime Minister and Cabinet: Skills Training Australia Pty Ltd (Question No. 970)
(Ferguson, Laurie, MP, Gillard, Julia, MP) -
Social Inclusion: Skills Training Australia Pty Ltd (Question No. 996)
(Ferguson, Laurie, MP, Butler, Mark, MP) -
Burmese Government (Question No. 1007)
(Bishop, Julie, MP, Emerson, Craig, MP)
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Foreign Affairs and Trade (Question No. 962)
Page: 5485
Mr BRADBURY (Lindsay—Assistant Treasurer and Minister Assisting for Deregulation) (10:41): I move:
That this bill be now read a second time.
This bill accompanies schedule 1 to the Tax Laws Amendment (2012 Measures No. 2) Bill 2012 to make directors, and in limited circumstances their associates, liable to Pay As You Go (PAYG) withholding non-compliance tax.
The tax liability arises where the company has failed to pay the commissioner amounts withheld under PAYG withholding arrangements and the director, or their associates, is entitled to a credit for amounts withheld from payments made by the company to them.
This bill will impose a tax to reverse the economic benefit of a credit entitlement for directors and their associates. This produces a result consistent with the government’s election commitment.
Debate adjourned.
Ordered that the second reading be made an order of the day for the next sitting.