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Tuesday, 8 February 2005
Page: 23

TAX LAWS AMENDMENT (LONG-TERM NON-REVIEWABLE CONTRACTS) BILL 2004

Bill—by leave—taken as a whole.

Senator SHERRY (Tasmania) [1:57 PM] —I move opposition amendment (1) on sheet 4501:

(1)    Schedule 1, item 14, page 8 (lines 4 and 5), omit the definition of arbitrator, substitute:

arbitrator, until further specified in the regulations, means a person who is a member of the Institute of Chartered Accountants in Australia or CPA Australia, and is registered to practice as an accountant.

arbitrator, until further specified in the regulations, means a person who is a member of the Institute of Chartered Accountants in Australia or CPA Australia, and is registered to practice as an accountant.

Question negatived.

Senator SHERRY (Tasmania) [1:57 PM] —I move opposition amendment (2) on sheet 4501:

 (2)   Schedule 1, item 14, page 14 (line 4), after “must”, insert “be made within 28 days of the end of the offer period and ”.

Question agreed to.

Bill, as amended, agreed to.

A NEW TAX SYSTEM (GOODS AND SERVICES TAX IMPOSITION (RECIPIENTS)—GENERAL) BILL 2004

A NEW TAX SYSTEM (GOODS AND SERVICES TAX IMPOSITION (RECIPIENTS)—EXCISE) BILL 2004

A NEW TAX SYSTEM (GOODS AND SERVICES TAX IMPOSITION (RECIPIENTS)—CUSTOMS) BILL 2004

Bills—by leave—taken as a whole.

Bills agreed to.

Tax Laws Amendment (Long-term Non-reviewable Contracts) Bill 2004 reported with amendment; A New Tax System (Goods and Services Tax Imposition (Recipients)—General) Bill 2004, A New Tax System (Goods and Services Tax Imposition (Recipients)—Excise) Bill 2004 and A New Tax System (Goods and Services Tax Imposition (Recipients)—Customs) Bill 2004 reported without requests; report adopted.