Senate debates Bills
Tax Laws Amendment (Research and Development) Bill 2013; In Committee
Mathias Cormann WA, Liberal Party, Minister for Finance
9:49 pm
Because Treasury has modelled the revenue effect and the departmental costs of the Palmer United Party amendment. Of course in the ordinary process of government the Treasury has costed and modelled the revenue effect, and the advice that we have been given quite clearly by Treasury is that the impact of the Palmer United Party amendment is such that the saving to the budget is broadly the same and that the companies impacted are broadly the same. I could not be more transparent. I could not be any more clear. The government has in good faith engaged with the crossbench to seek to achieve the policy intent of the original budget measure initiated and banked in the 2013-14 budget by the Gillard Labor government. We are still dealing with budget measures of the Gillard Labor government.
Progress reported.
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