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Wednesday, 26 May 1993
Page: 1357

Senator LEES (Deputy Leader of the Australian Democrats) (5.02 p.m.) —I rise to support these amendments on behalf of the Australian Democrats. I want to add to what Senator Watson was saying with regard to the committee stage of the Taxation Laws Amendment Bill (No. 2) 1993 and, in particular, the way in which committees work in this place so effectively.

  I mention, as Senator Watson has done, the second of these amendments, relating to motor vehicles qualifying for the new investment allowance. Evidence was presented to Senator Kernot's office and Senator Spindler's office on this matter. We agreed that it was an anomaly and suggested that the Ford motor company should contact the Senate Standing Committee on Finance and Public Administration and the House of Representatives Standing Committee on Banking, Finance and Public Administration. Senator Watson raised this issue on Friday and flagged that an amendment would occur if the Government refused to change the legislation.

  I would like to congratulate the Government on actually taking this matter on board. I commend it for that. However, I note that we have a problem with the Minister's statement on this matter. The statement starts, `The Government has identified this anomaly'. We wish to set the record straight that it was through the committee system and the work of the Democrats and the Liberal Party that this was brought to the attention of the Parliament. I conclude by commending the Government's generosity in extending the change retrospectively so that vehicles can qualify under the development allowance.

  Amendments agreed to.