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TAXATION LAWS AMENDMENT (TRUST LOSS AND OTHER DEDUCTIONS) BILL 1997

Mr Miles (Parliamentary Secretary (Cabinet) to the Prime Minister) presented a Bill for an Act to amend the law relating to taxation.

Bill read a first time.

Mr Miles moved—That the Bill be now read a second time.

Paper

Mr Miles presented an explanatory memorandum to the following Bills:

Taxation Laws Amendment (Trust Loss and Other Deductions) 1997;

Family Trust Distribution Tax (Primary Liability) 1997;

Family Trust Distribution Tax (Secondary Liability) 1997; and

Medicare Levy Consequential Amendment (Trust Loss) 1997.

Debate adjourned (Mr L. D. T. Ferguson), and the resumption of the debate made an order of the day for the next sitting.