Senate debates

Wednesday, 20 June 2018

Bills

Treasury Laws Amendment (Personal Income Tax Plan) Bill 2018

6:56 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Leader of the Opposition in the Senate) Share this | Hansard source

Could I just briefly make two points. I appreciate that you're giving me some leeway to do so, so I will be brief. The first is that these include the amendments which proposed Labor's bigger, better and fairer tax plan, so I just draw that to the attention of the chamber given that Senator Cormann made some inaccurate statements earlier today.

In light of that, what I'd also say to you, Mr President, is that there is a distinct possibility there may be senators who wish to vote differently on items (1) to (3), (5), (7), (9) and (10) on sheet 8450. These are items that fill a gap in the tax law as a result of the Senate's earlier decision to omit step 3 of the government's plan from the bill. They implement the step 2 tax rates for 2024-25 and later income years rather than leaving no rates in place, and they make associated consequential amendments. So I would invite you to consider putting those items that I've identified in that contribution separately.

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