Senate debates

Thursday, 3 December 2015

Bills

Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill 2015; In Committee

5:12 pm

Photo of Nick XenophonNick Xenophon (SA, Independent) Share this | Hansard source

I have some specific questions that I want to put to the Minister for Finance. They relate to specific questions that I put to him earlier. I understand that there will be some comprehensive responses that go to the substance of this debate, particularly in relation to the general purpose account amendments that Senator Di Natale will be moving shortly as part of the debate. It is important to get those matters on the record given that those amendments will be moved. My first question previously was: will the test for application have to be based on consolidated revenues as defined by accounting standards, the same as in the large proprietary company test in the Corporations Act?

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