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

10:53 am

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

Just to go back to the original question. As I said, there is no expenditure linked to this, as is clearly identified in the budget papers. Budget Paper No. 2 is where I would refer Senator Whish-Wilson to. The cost impact in terms of lower revenue from the $20,000 immediate asset depreciation measure is $1.8 billion and the overall impact of the small business tax cut is $3.3 billion over the forward estimates.

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