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Wednesday, 11 November 2015
Page: 8255


Senator CASH (Western AustraliaMinister Assisting the Prime Minister for the Public Service, Minister for Employment and Minister for Women) (12:39): Perhaps you do not need to hear it from me as to why this particular piece of legislation is in the public good, because I think anybody who read this legislation in relation to combating multinational tax avoidance would understand that it is within the public good. In fact, Senator Sam Dastyari summed it up himself in his speech in the second reading debate on Monday, 9 November. He said:

The former Treasurer should be congratulated for saying and doing many good things in this policy area.

He then said:

This is a bill that fundamentally addresses many important concerns around multinational tax avoidance.

…   …   …

We—

the Labor Party—

have been calling for more action on multinational tax for over two years. It is good to see that the government has actually come on board—

and, if you want to take a little bit of credit for the legislation, Senator Dastyari, that is fine—

with this legislation.

If you do not want to believe from me, Senator Whish-Wilson, that this is a piece of legislation that is in the public good, please take it from your former coalition partners in the Australian Labor Party, the now opposition, from Senator Dastyari himself, that this is a good piece of legislation. He indeed compliments the former Treasurer for the work he has done in this area. Again, I would thank the Labor Party for the fact that they will be, despite the filibustering—

Senator Dastyari: It is a good bill. It just needs amending.

Senator CASH: It is a good bill, thank you, Senator Dastyari—supporting this legislation and therefore I believe it is in the public good. I would say that anything that ensures that multinational companies who are avoiding tax pay their tax in Australia is within the public good.