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Thursday, 2 April 1987
Page: 1951

Mr COHEN (Minister for Arts, Heritage and Environment)(11.56) —I move:

That the Bill be now read a second time.

The Sea Installations Levy Bill is part of a package of Bills to provide for the implementation of the Government's decisions relating to sea installations. It provides a framework for imposing taxes or charges on these installations. This will ensure that the administrative costs of the States and Territories are met, and that general revenue can benefit, as it would if similar installations were located on the mainland. The States have quite rightly pointed out that the development of off-shore installations for commercial purposes should not be at the expense of the mainland economy and should not provide a basis for evasion of State and Territory taxation. The Commonwealth accepts this, and so the intention is that the levy be set with these factors in mind. I commend this Bill to the House. I present the explanatory memorandum to this Bill.

Debate (on motion by Mr Carlton) adjourned.