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NEW BUSINESS TAX SYSTEM (ALIENATION OF PERSONAL SERVICES INCOME) BILL 2000

Mr Costello (Treasurer) presented a Bill for an Act to amend the law about taxation to implement the New Business Tax System in relation to personal services income, 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 (Alienation of Personal Services Income) 2000;

New Business Tax System (Alienated Personal Services Income) Tax Imposition (No. 1) 2000; and

New Business Tax System (Alienated Personal Services Income) Tax Imposition (No. 2) 2000.

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