I move:

That this bill be now read a second time.

This bill accompanies the News Media Bargaining (Administration) Bill to make a range of consequential amendments necessary to support the operation of the News Bargaining Incentive.

These amendments provide the supporting aspects of the framework required for administration, collection and enforcement—ensuring that there is appropriate interaction with existing tax laws.

They are an important component needed to effectively deliver the policy objective to support the sustainability and diversity of Australia's news media sector.

Full details of the measure are contained in the explanatory memorandum.

Debate adjourned.