Senate debates Bills

Tax Laws Amendment (Research and Development) Bill 2013; In Committee


Kim Carr

Kim Carr Victoria, Australian Labor Party, Shadow Minister Assisting the Leader for Science

1:51 pm

You will have your chance. I also asked you a question about the issue of retrospectivity. The government made assertions in the Senate economics report that there had been announcements and that satisfied the government, in their own minds, that they did not have to worry too much about retrospectivity. I have asked you a specific question: when was the announcement made by the government, regarding the $100 million cap foreshadowed in this amendment before the chamber, which would satisfy the retrospectivity test that you as a government brought to this parliament through the economics committee report?

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