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TAXATION LAWS AMENDMENT BILL (NO. 6) 1999

The order of the day having been read for the resumption of the debate on the question—That the Bill be now read a second time—And on the amendment moved thereto by Mr Tanner, viz.—That all words after "That" be omitted with a view to substituting the following words: "whilst not declining to give the bill a second reading, the House notes that:

(1) the government has not achieved real tax reform in Australia, it has merely agreed to introduce an unfair GST;

(2) the new Howard/Lees GST will involve a massive tax mix switch which will hurt ordinary families, which is directly contrary to the balloted policy of the Australian Democrats;

(3) that the Howard/Lees deal will actually increase the tax on food in Australia;

(4) that ordinary people will now face a GST on top of State indirect taxes on bank accounts; and

(5) that the amended tax package is still unfair and will also damage the environment".

Debate resumed.

Amendment negatived.

Question—That the Bill be now read a second time—put and passed—Bill read a second time.

Consideration in detail

Bill, by leave, taken as a whole.


Mr Hockey moved the Government amendment.

Paper

Mr Hockey (Minister for Financial Services and Regulation) presented a supplementary explanatory memorandum to the Bill.

Amendment agreed to.

Bill, as amended, agreed to.

Consideration in detail concluded.

Ordered—That the Bill be reported to the House with an amendment.