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TAXATION LAWS AMENDMENT (BUDGET MEASURES) BILL 1995
INCOME TAX RATES AMENDMENT BILL 1995

Order of the day read for the consideration of the bills in committee of

the whole.

In the committee

TAXATION LAWS AMENDMENT (BUDGET MEASURES) BILL 1995--

Bill taken as a whole by leave.

Senator Gibson moved the following amendment:

Schedule 9, pages 12 to 14, omit the Schedule.

Debate ensued.

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

The committee divided--

AYES, 39

Abetz Alston Baume Bell Boswell Bourne Brownhill Calvert Campbell Chamarette Chapman Coulter Crane Ellison Ferguson Gibson Harradine Herron Hill Kemp Kernot Knowles Lees Macdonald, Ian Macdonald, Sandy MacGibbon McGauran Margetts Panizza (Teller) Parer Patterson Reid Short Spindler Tambling Tierney Troeth Watson Woodley

NOES, 22

Bolkus Burns Carr Coates Collins, Jacinta Colston Cook Cooney Crowley Denman Devereux Evans, Christopher Forshaw Jones (Teller) McKiernan Murphy Neal Ray Reynolds Schacht Sherry West

Question agreed to.

Bill, as amended, further debated.

On the motion of Senator Margetts the following amendments, taken

together by leave, were debated and agreed to:

After Schedule 9, page 14, insert the following Schedule:

"SCHEDULE 9ASection 3

AMENDMENTS OF THE SALES TAX ASSESSMENT

ACT 1992 RELATING TO INFORMATION

FOR THE PROTECTION OF TAXPAYERS

1. After section 130:

Insert:

Information for the protection of taxpayers

"130B. Where a Minister makes a public statement which announces that

it is the intention of the Government to introduce into a House of the

Parliament a bill relating to a sales tax law to operate from a date

before the enactment of the bill, the Commissioner must, within 7 days

of that Minister making the statement, publish, for the information of

taxpayers in each State and Territory, a public notice, in plain

English, in at least 2 newspapers circulating generally in that State

or Territory, as the case may be, which shall include the following:

(a) a statement of the intention of the Commonwealth Government to

introduce the bill;

(b) details of what the bill will contain and how and when its

provisions will be applied, if and when it comes into force;

(c) a warning that the bill is subject to enactment by both Houses

of the Parliament and, if enacted, is to operate retrospectively

from a date or dates specified in the bill;

(d) an explanation of why it is necessary that the bill be enacted

retrospectively; and

(e) details of hotlines, addresses or other sources from which

taxpayers may obtain further information.

Taxpayers protection not to be repealed except by express words

"130C. It is the intention of the Parliament that section 130B is not

to be amended or repealed other than by the express words of an Act of

the Parliament.'.".

Clause 2, page 1, at end of clause, add the following subclause:

"(3) Schedule 9A commences on the day on which this Act receives the

Royal Assent.".

Bill, as amended, further debated.

Senator Gibson moved the following amendment:

Schedule 10, page 15, item 1, proposed definition of provisional tax

uplift factor, paragraph (a), omit "8%", substitute "6%".

Debate ensued.

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

The committee divided--

AYES, 39

Abetz Alston Baume Bell Boswell Bourne Brownhill Calvert (Teller) Campbell Chamarette Chapman Coulter Crane Ellison Ferguson Gibson Harradine Herron Hill Kemp Kernot Knowles Lees Macdonald, Ian Macdonald, Sandy MacGibbon McGauran Margetts Panizza Parer Patterson Short Spindler Tambling Tierney Troeth Vanstone Watson Woodley

NOES, 22

Bolkus Burns (Teller) Carr Coates Collins, Jacinta Colston Cook Cooney Crowley Denman Devereux Evans, Christopher Forshaw Jones McKiernan Murphy Neal Ray Reynolds Schacht Sherry West

Question agreed to.

The Leader of the Australian Democrats (Senator Kernot) moved the

following amendment:

Schedule 10, page 15, item 1, proposed definition of provisional tax

uplift factor, paragraph (b), omit the paragraph, substitute the

following paragraph:

"(b) in relation to a later year of income--means, until the

Parliament otherwise provides, 6%.".

Debate ensued.

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

Senator Kernot moved the following amendments together by leave:

No. 1--Schedule 10, page 15, after item 1, insert the following items:

"1A. Subsection 221AZK(2):

Table 1:

(a) omit "$8,000' (wherever occurring), substitute "$10,000';

(b) omit the heading "Instalment(s) due on first day of:',

substitute:

"Instalments due--

Small: on first day of:

Medium: on last day of:';

(c) omit "month 18' (first occurring), substitute "month 21'.

"1B. Application

The amendment made by item 1A of this Schedule applies in relation to

liability to pay instalments payable for the 1995-96 year of income

and for all later years of income.".

No. 2--Schedule 10, page 15, item 2, omit "made by this Schedule",

substitute "made by item 1 of this Schedule".

The Minister for Industry, Science and Technology (Senator Cook)

moved--That the committee report progress and ask leave to sit again.

Question put and passed.

The Acting Deputy President (Senator West) resumed the Chair and the

Temporary Chairman of Committees (Senator Herron) reported that the

committee had considered the bills, made progress and asked leave to sit

again.

Ordered, on the motion of Senator Cook, that the committee have leave to

sit again at a later hour.