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SUPERANNUATION CONTRIBUTIONS AND TERMINATION PAYMENTS TAXES LEGISLATION AMENDMENT BILL 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—

Debate resumed by Mr K. J. Thomson who moved, as an amendment—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 condemns the Government for:

(1) introducing the superannuation surcharge tax which is the world[quot ]s worst practice tax legislation and administration; and

(2) wasting the time of the House by requiring Members to debate fundamental surcharge tax amending legislation, some 3 years after the flawed policy was announced".

Debate continued.

Ordered—That Mr Slipper (Parliamentary Secretary to the Minister for Finance and Administration) be granted an extension of time.

Debate continued.

Mr McClelland, by leave, moved—That so much of the standing and sessional orders be suspended as would prevent the Parliamentary Secretary to the Minister for Finance and Administration being granted a further extension of time.

Question—put and passed.

Debate continued.

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, the Bill was read a third time.