Richard Di Natale (Victoria, Australian Greens) Share this | Hansard source

I move the following amendment:

At the end of the motion, add: 'but agrees to amendments (1) and (3), circulated in my name on sheet 7836, which replaces amendment 3 with which the House has disagreed.'

Australian Greens circulated amendments—

(1) Schedule 1, page 7 (before line 10), before item 5, insert:

4A Paragraphs 3C(1)(a) and (b)

  Repeal the paragraphs, substitute:

  (a) the entity has total income equal to or exceeding $100 million for the income year and, at the end of the income year:

     (i) the entity is not an Australian resident that is a private company for the income year; or

     (ii) the entity is a member of a wholly-owned group that has a foreign resident ultimate holding company; or

     (iii) the percentage of foreign shareholding in the entity is greater than 50%; or

  (b) the entity has total income equal to or exceeding $200 million for the income year and, at the end of the income year, the entity is an Australian resident that is a private company for the income year.

(3) Schedule 1, page 7 (after line 21), at the end of the Schedule, add:

6 Application of amendment—item 4A

     The amendment made by item 4A applies in relation to an entity for the 2013-14 income year and each later income year.