Senate debates

Monday, 25 June 2018

Bills

Taxation Administration Amendment (Corporate Tax Entity Information) Bill 2017; In Committee

11:47 am

Photo of Ian MacdonaldIan Macdonald (Queensland, Liberal Party) Share this | Hansard source

So 2,000 or 3,000 companies out of a total of many thousands of companies in Australia. It does impose an additional burden on them. Is the information that's going to be obtained going to be commensurate with the additional cost of providing that information, particularly when you don't really know what the answer to the question is? I think you said it might be 1,000 or that it might be more or it might be less. I am just wondering what the purpose of all this is if we don't quite know what it's going to achieve?

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