Schedule 1 of this bill makes minor technical amendments to the income tax law to ensure that two National Innovation and Science Agenda Measures operate in accordance with the original policy intent. Schedule 2 of the bill amends the Australian Securities and Investments Commission Act 2011 to streamline the process by which the Australian Securities and Investments Commission may share confidential information with the Australian Taxation Office for its use in the performance of its functions.

I commend the bill to the Senate.

Question agreed to.

Bill read a second time.