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A NEW TAX SYSTEM (TAXATION LAWS AMENDMENT) BILL (NO. 1) 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 Crean, 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 calls on the Government not to proceed with the bill until:

(1) the final report of the Ralph Committee, except for market sensitive information, has been released by the Government;

(2) full consultations have been undertaken with relevant stakeholders regarding the report[quot ]s proposals; and

(3) matters directly related to this legislation (namely the reporting requirements of PAYG withholders to the Taxation Office which are critical to the proper evaluation of this legislation and are to be included in subsequent legislation) are before the House, so that the House can evaluate the full effects of this bill."

Debate resumed.

Mr Hockey addressing the House—