House debates

Tuesday, 19 June 2012

Bills

Tax Laws Amendment (Cross-Border Transfer Pricing) Bill (No. 1) 2012; Consideration in Detail

8:14 pm

Photo of David BradburyDavid Bradbury (Lindsay, Australian Labor Party, Assistant Treasurer ) Share this | Hansard source

I also just point out one simple fact. The shadow minister indicates that seven years is an outrageous period to go back. I simply make the point that in relation to the Tax Laws Amendment (2006 Measures No. 3) Act passed in 2006, the commencement of that act was 1 July 2000. So six years was okay on that occasion.

The case has been very strongly put in relation to these measures. We are opposed to this amendment and we wish to commend the bill in an unamended form to the House.

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