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NEW BUSINESS TAX SYSTEM (VENTURE CAPITAL DEFICIT TAX) BILL 1999

Mr Costello (Treasurer) presented a Bill for an Act to impose a tax in respect of venture capital sub-account deficits of companies, and for related purposes.

Bill read a first time.

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

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