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TAX LAWS AMENDMENT (RESEARCH AND DEVELOPMENT) BILL 2010E INCOME TAX RATES AMENDMENT (RESEARCH AND DEVELOPMENT) BILL 2010

Messages from the House of Representatives were reported transmitting for the concurrence of the Senate the following bills:

 Message no. 613, dated 17 June 2010—A Bill for an Act to amend the law relating to taxation and research and development, and for other purposes.

 Message no. 614, dated 17 June 2010—A Bill for an Act to amend the Income Tax Rates Act 1986, and for related purposes.

The Minister for Innovation, Industry, Science and Research (Senator Carr) moved—That these bills may proceed without formalities, may be taken together and be now read a first time.

Question put and passed.

Bills read a first time.

Senator Carr moved—That these bills be now read a second time.

Explanatory memorandum: Senator Carr tabled a replacement explanatory memorandum relating to the bills.

On the motion of Senator Carr the debate was adjourned till the next day of sitting.