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9       Major Bank Levy Bill 2017

Treasury Laws Amendment (Major Bank Levy) Bill 2017

Messages from the House of Representatives were reported transmitting for the concurrence of the Senate the following bills:

Message no. 179, dated 19 June 2017—A Bill for an Act to impose a levy on certain authorised deposit-taking institutions, and for related purposes.

Message no. 180, dated 19 June 2017—A Bill for an Act to amend the law relating to taxation, and for related purposes.

The Minister for Finance (Senator Cormann) moved—That these bills may proceed without formalities, may be taken together and be now read a first time.

Question put and passed.

Bills read a first time.

Senator Cormann moved—That these bills be now read a second time.

Debate ensued.

At 2 pm : Debate was interrupted while Senator Gallagher was speaking.