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Wednesday, 17 August 2011
Page: 8282

Mr BRADBURY (LindsayParliamentary Secretary to the Treasurer) (09:47): I move:

That this bill be now read a second time.

The Business Names Registration (Fees) Bill 2011 is part of a package of bills. The total package will, along with subordinate legislation, create a national business names registration system.

The fees bill is a taxing measure which will impose the fees for registering business names in the new national registration system.

At present, a business operating in every state and territory faces a cost of more than $1,000 to register a business name for three years. Under the national system, businesses will only pay one fee, which will be in the order of $70 to register for three years. An optional $30 fee will apply for a one-year registration.

My comments in relation to the Business Names Registration Bill 2011 also apply to this bill.

Debate adjourned.