Ursula Stephens (NSW, Australian Labor Party, Parliamentary Secretary Assisting the Prime Minister for Social Inclusion) Share this | Hansard source

I move:

That the House of Representatives be requested to make the following amendment:

Schedule 6, page 34 (after line 16), after item 9, insert:

9A  Paragraph 2(1)(b) of Schedule 3

Omit “reportable fringe benefits total”, substitute “adjusted fringe benefits total”.

9B  Clause 4 of Schedule 3

Repeal the clause, substitute:

4 Adjusted fringe benefits total

                 An individual’s adjusted fringe benefits total for an income year is the amount worked out using the formula:

where:

FBT rate is the rate of tax set by the Fringe Benefits Tax Act 1986 for the FBT year (as defined in the Fringe Benefits Tax Assessment Act 1986) beginning on the 1 April just before the start of the income year.

reportable fringe benefits total is the amount that the Secretary is satisfied is the individual’s reportable fringe benefits total (as defined in the Fringe Benefits Tax Assessment Act 1986) for the income year.

9C  Application

The amendments made by items 9A and 9B apply in relation to the 2008-09 income year and later income years.

Statement by the Clerk of the Senate pursuant to the order of the Senate of 26 June 2000—

Amendment (3)

The Senate has long followed the practice that it should treat as requests amendments which would result in increased expenditure under a standing appropriation.

On the basis that this amendment would result in increased expenditure under the standing appropriation in the A New Tax System (Family Assistance)(Administration) Act 1999, it is in accordance with the precedents of the Senate that this amendment be moved as a request.

Question agreed to.

I move government amendment (1) on sheet PD342:

(1)    Clause 2, page 3 (after table item 15), insert:

Question agreed to.

The government opposes items 12 and 14 of schedule 6 in the following terms:

(4)    Schedule 6, item 12, page 34 (line 24) to page 36 (line 21), TO BE OPPOSED.

(5)    Schedule 6, item 14, page 36 (line 25) to page 38 (line 17), TO BE OPPOSED.