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TAXATION LAWS AMENDMENT BILL (NO. 5) 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 K. J. Thomson, 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 proposals as originally introduced have already been modified because of the actions of Labor in referring them to the Senate;

(2) the construction and infrastructure industries are still concerned about the potential impact of the legislation on their industries;

(3) the legislation needs further consultation with relevant stakeholders;

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

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

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

(7) hardworking people will now face a GST on top of state indirect taxes on bank accounts; and

(8) 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.

Leave granted for third reading to be moved forthwith.

On the motion of Mr Slipper (Parliamentary Secretary to the Minister for Finance and Administration), the Bill was read a third time.