Firstly, I'd like to thank the members who've contributed to this debate on the Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2017. The amendments in this bill will clarify the criteria for the lower company tax rate. Businesses that derive more than 80 per cent of their incomes in passive forms will not have access to the lower company rate. This new 'bright-line test' will replace the 'carrying on a business test' and make it easier for companies to determine which tax rate applies. It will operate from the 2017-18 income year. I commend the bill to the House.