Rachel Siewert (WA, Australian Greens) Share this | Hansard source

I move Greens amendment (2) on sheet 5503 revised:

(2)    Schedule 6, page 42 (after line 27), after item 20, insert:

Fringe Benefits Tax Assessment Act 1986

20A  Subsection 5B(1E) (method statement, step 2)

Omit “$17,000” (twice occurring), substitute “$23,000”.

20B  Subsection 5B(1E) (method statement, at the end of step 2)

Add:

Note:   The dollar amounts mentioned in step 2 are indexed under section 124AA.

20C  Subsection 5B(1E) (method statement, step 3, paragraph (b))

Omit “$30,000”, substitute “$40,000”.

20D  Subsection 5B(1E) (method statement, at the end of step 3)

Add:

Note:   The dollar amount mentioned in paragraph (b) is indexed under section 124AA.

20E  Subsection 65J(2B) (method statement, step 2, paragraph (b))

Omit “$30,000”, substitute “$40,000”.

20F  Subsection 65J(2B) (method statement, at the end of step 2)

Add:

Note 2:  The dollar amount mentioned in paragraph (b) is indexed under section 124AA.

This amendment relates to issues that I referred to in my speech in the second reading debate around the fringe benefits tax. As I articulated during my speech, the issue around the cap on fringe benefits tax came up at the inquiry held just last Friday. It has been an issue that has been of concern to the not-for-profit sector for some time. I will remind the chamber very briefly that at the moment there is a cap in place. It has been in place for eight years.

Progress reported.