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Friday, 28 June 1996
Page: 2575

Senator SHORT (Assistant Treasurer)(2.55 p.m.) —The bill before the Senate, the Development Allowance Authority Amendment Bill, relates to projects that are at the moment, for technical reasons, not eligible for the development allowance. That is what the bill is about to correct—that problem.

The amendment that Senator Kernot moved, which was supported by Labor and the Greens, is about a totally different thing. It is about eligibility for a different investment incentive, namely infrastructure borrowings. That is one of the essential reasons why we have so much concern with the proposal that has been put forward in amendment by the opposition and Democrats in combined opposition. It is dealing with a totally different animal. It is not dealing with the matters to which the Development Allowance Authority Amendment Bill relates.