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Shipping Reform (Tax Incentives) Bill 2012

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2010-2011-2012

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

Shipping Reform (Tax Incentives) Bill 2012

 

 

( 1 )     Clause  5 , page 3 (after line 9) , after the definition of constitutional corporation , insert:

excluded vessel has the meaning given by subsections 10(4) and (5).

[excluded vessels]

(2)     Clause 10, page 10 (line 6), omit “of a kind set out in subsection (4)”, substitute “an excluded vessel”.

[excluded vessels]

(3)     Clause 10, page 10 (line 19), omit “The excluded kinds of vessels are as follows”, substitute “The following are excluded vessels ”.

[excluded vessels]

( 4 )     Clause  10 , page 10 (line 32) , at the end of subclause ( 4 ), add:

                   ; (k)  vessels of a kind specified under paragraph (5)(a).

[excluded vessels]

( 5 )     Clause  10 , page 10 (after line 32) , at the end of the clause, add:

             (5)  The Minister may, by legislative instrument, specify:

                     (a)  kinds of vessels that are to be excluded vessels; and

                     (b)  kinds of vessels that are not to be excluded vessels.

Despite subsection (4), a vessel of a kind specified under paragraph (b) is not an excluded vessel .

[excluded vessels]