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TAXATION LAWS AMENDMENT BILL 1986
TAXATION (INTEREST ON UNDERPAYMENTS) BILL 1986

The Senate, according to Order, resolved itself into Committee for the consideration of the Bills.

In the Committee

Bills, by leave, taken as a whole.

On the motion of the Minister for Finance (Senator Walsh) the following amendment to the Taxation Laws Amendment Bill 1986 was debated and agreed to: Page 25, clause 19, proposed new sub-section 169a (1), line 41, leave out ""the''.

On the motion of Senator Siddons the following amendment to the Taxation Laws Amendment Bill 1986 was debated and agreed to: Page 26, clause 19, after proposed new sub-section 169a (1), insert the following new sub-section:

""(1a) Notwithstanding sub-section (1), where, in a document furnished with a return of income of a taxpayer of a year of income and signed by or on behalf of the taxpayer, a question is raised that is relevant to the liability of the taxpayer to tax in respect of the year of income, the Commissioner shall give attention to that question.''.

Taxation Laws Amendment Bill 1986, as amended, and the Taxation (Interest on Underpayments) Bill 1986 further debated and agreed to.

Taxation Laws Amendment Bill 1986 to be reported with amendments and the Taxation (Interest on Underpayments) Bill 1986 to be reported without amendment.

The Acting Deputy-President (Senator Bjelke-Petersen) resumed the Chair; and the Chairman of Committees (Senator Hamer) reported accordingly.

On the motion of Senator Walsh the Report from the Committee was adopted.

Senator Walsh moved-That these Bills be now read a third time.

Question-put.

The Senate divided

AYES, 36

Senators- Aulich Black Bolkus Childs Chipp Coates Colston Cook Cooney Crowley Devlin Elstob Evans Foreman Georges Gietzelt Giles Haines Jones McClelland McKiernan Macklin Maguire Morris Ray Reynolds Richardson Robertson (Teller) Ryan Sanders Sibraa Siddons Tate Vigor Walsh Zakharov

NOES, 28

Senators- Alston Archer Baume, Peter Bjelke-Petersen Boswell Brownhill Carrick, Sir John Chaney Collard Crichton-Browne Durack Guilfoyle, Dame Margaret Hamer Hill Knowles Lewis MacGibbon Messner Newman Parer Puplick Reid (Teller) Sheil Teague Townley Walters Watson Withers

And so it was resolved in the affirmative.

Bills read a third time.