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TAXATION LAWS AMENDMENT BILL (NO. 2) 1994

Order of the day read for the adjourned debate on the motion of the

Minister for Immigration and Ethnic Affairs (Senator Bolkus)--That this

bill be now read a second time.

Debate resumed.

Senator Short moved the following amendment:

At end of motion, add ", but the Senate condemns the Government for:

(a) its desperate pursuit of every last cent of revenue, without

regard to the costs that this imposes on industry and on all

Australians;

(b) unnecessarily adding further complexity to a tax system which it

already has allowed to become excessively complex; and

(c) further extending and complicating the fringe benefits tax and

capital gains tax regimes, and for including higher education

contributions debt in the provisional tax regime".

Debate ensued.

Question--That the amendment be agreed to--put and passed.

Main question, as amended, put and passed.

Bill read a second time.

The Senate resolved itself into committee for the consideration of the

bill.

In the committee

Bill, taken as whole by leave, debated.

At 12.45 p.m.: The Acting Deputy President (Senator McGauran) resumed

the Chair and the Chairman of Committees (Senator Crichton-Browne)

reported progress.