Senate debates

Monday, 15 June 2015

Bills

Tax Laws Amendment (Small Business Measures No. 1) Bill 2015, Tax Laws Amendment (Small Business Measures No. 2) Bill 2015; In Committee

10:44 am

Photo of Peter Whish-WilsonPeter Whish-Wilson (Tasmania, Australian Greens) Share this | Hansard source

Unfortunately, we are passing this legislation today without that information. I would have presumed that a lot of thought had gone into setting that threshold and that you would have been confident at least in a large uptake. No doubt the fact that you are spending money on television advertisements to promote this is because you are trying to get the best possible uptake for this issue but considering it has been in place now for a number of years and small businesses are aware of asset thresholds and are aware of what they can and cannot depreciate, I still feel it is very important that you explain to us today why you believe this will be successful and why you believe it will stimulate the economy.

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