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TAXATION LAWS AMENDMENT (BABY BONUS) BILL 2002

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—

Debate resumed by Mr Latham who moved, as an amendment—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:

(1) notes that the Government's proposal is unfair and a poor instrument for supporting families because, even though families face similar costs in raising children, the Baby Bonus provides greater support to high income families and, as a result women earning $50,000 will receive five times more assistance than those earning $25,000, and

(2) in addition to being unfair, the House further notes that the Baby Bonus is:

 (a) ineffective in meeting its stated objectives, because it is paid as a lump sum at the end of the financial year, not during the year when families need it;

(b) contradictory to the claimed aim of the New Tax System of simplifying payments to families, because it introduces a separate rebate; and

(c) complex, and therefore it is likely that many women will miss out on their entitlement".

Debate continued.

Debate adjourned (Mr Pearce), and the resumption of the debate made an order of the day for a later hour this day.