House debates Bills

Treasury Laws Amendment (Increasing the Instant Asset Write-Off for Small Business Entities) Bill 2019; Second Reading

Tuesday, 2 April 2019 House of Representatives

Madeleine King

Madeleine King Brand, Australian Labor Party, Shadow Minister for Consumer Affairs

6:10 pm

I believe I'm speaking in continuation on this bill, and I just want to clarify an amendment that I spoke of when I first started speaking to this bill. I move the amendment:

That all words after "That" be omitted with a view to substituting the following words:

"whilst not declining to give the bill a second reading, the House:

(1) affirms the importance of encouraging small business to make new capital investments; and

(2) notes that the Opposition's Australian Investment Guarantee is permanent, will provide targeted tax relief for businesses that invest in Australia and Australians, and guarantees new investment".

I call for the amendment to be seconded.

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