Anthony Albanese (Grayndler, Australian Labor Party, Leader of the House) Share this | Link to this | Hansard source

I move:

That this bill be now read a second time.

We are reintroducing this bill due to obstruction by the Senate and those opposite in the Liberal and National parties. I refer to the minister’s previous second reading speech on this bill.

This bill will ensure that the government can raise the funds required to meet this temporary deficit resulting from the global recession, which has wiped out $115 billion of tax receipts across the forward estimates and moved the budget into temporary deficit. 

Full details of the measures in this bill are contained in the explanatory memorandum.

Harry Jenkins (Speaker) Share this | Link to this | Hansard source

In accordance with the resolution agreed to earlier, the debate is adjourned and the resumption of the debate is made an order of the day for a later hour this day.