House debates Tax Laws Amendment (Personal Tax Reduction and Improved Depreciation Arrangements) Bill 2006

Consideration in Detail

Wednesday, 31 May 2006 House of Representatives

Peter Dutton

Peter Dutton Dickson, Liberal Party, Minister for Revenue and Assistant Treasurer

1:37 pm

by leave—I present a supplementary explanatory memorandum to this bill and move government amendments (1) and (2) together:

(1)    Schedule 5, item 1, page 11 (line 10), after “in this way if”, insert “you started to *hold the asset on or after 10 May 2006”.

(2)    Schedule 5, item 1, page 11 (lines 11 to 16), omit paragraphs 40-72(1)(a), (b) and (c).

Question agreed to.

Bill, as amended, agreed to.

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