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NEW BUSINESS TAX SYSTEM (INTEGRITY AND OTHER MEASURES) BILL 1999

Mr Costello (Treasurer) presented a Bill for an Act to implement the New Business Tax System by amending the law relating to taxation, and for related purposes.

Bill read a first time.

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

Paper

Mr Costello presented an explanatory memorandum to the following Bills:

New Business Tax System (Integrity and Other Measures) 1999; and

New Business Tax System (Former Subsidiary Tax Imposition) 1999.

Debate adjourned (Mr Crean), and the resumption of the debate made an order of the day for the next sitting.