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NEW BUSINESS TAX SYSTEM (CONSOLIDATION AND OTHER MEASURES) BILL (NO. 1) 2002

Mr Slipper (Parliamentary Secretary to the Minister for Finance and Administration) presented a Bill for an Act to implement a New Business Tax System, 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 and to the New Business Tax System (Franking Deficit Tax) Amendment Bill 2002.

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