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NEW BUSINESS TAX SYSTEM (DEBT AND EQUITY) BILL 2001

Mr Slipper (Parliamentary Secretary to the Minister for Finance and Administration) presented a Bill for an Act to implement the New Business Tax System in relation to debt and equity interests, and for related purposes.

Bill read a first time.

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

Paper

Mr Slipper presented an explanatory memorandum to the Bill.

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