Senate debates

Thursday, 14 February 2019

Bills

Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Bill 2018; Second Reading

8:11 pm

Photo of Scott RyanScott Ryan (President) Share this | Hansard source

The first question is that the amendments on sheet 8585, circulated by the Australian Greens, be agreed to.

Australian Greens' circulated amendments—

(1) Schedule 1, item 117, page 54 (lines 17 to 24), omit paragraph 1317G(4) (c), substitute:

(c) 10% of the annual turnover of the body corporate for the 12 month period ending at the end of the month in which the body corporate contravened, or began to contravene, the civil penalty provision.

(2) Schedule 2, item 8, page 97 (lines 19 to 26), omit paragraph 12GBCA(2) (c), substitute:

(c) 10% of the annual turnover of the body corporate for the 12 month period ending at the end of the month in which the body corporate contravened, or began to contravene, the civil penalty provision.

(3) Schedule 3, item 7, page 128 (lines 22 to 29), omit paragraph 167B(2) (c), substitute:

(c) 10% of the annual turnover of the body corporate for the 12 month period ending at the end of the month in which the body corporate contravened, or began to contravene, the civil penalty provision.

(4) Schedule 4, item 4, page 166 (lines 19 to 26), omit paragraph 75D(2) (c), substitute:

(c) 10% of the annual turnover of the body corporate for the 12 month period ending at the end of the month in which the body corporate contravened, or began to contravene, the civil penalty provision.

Question negatived.

The question now is that the amendments on sheet 8616 revised and sheet 8617 revised, circulated by the opposition, be agreed to.

Opposition's circulated amendments—

SHEET 8616 REVISED

(1) Schedule 1, item 117, page 57 (lines 22 to 24), omit subparagraph 1317G(4) (c) (ii), substitute:

  (ii) if the amount worked out under subparagraph (i) is greater than an amount equal to 2.5 million penalty units—2.5 million penalty units.

(2) Schedule 2, item 8, page 100 (lines 24 to 26), omit subparagraph 12GBCA(2) (c) (ii), substitute:

  (ii) if the amount worked out under subparagraph (i) is greater than an amount equal to 2.5 million penalty units—2.5 million penalty units.

(3) Schedule 3, item 7, page 131 (lines 27 to 29), omit subparagraph 167B(2) (c) (ii), substitute:

  (ii) if the amount worked out under subparagraph (i) is greater than an amount equal to 2.5 million penalty units—2.5 million penalty units.

(4) Schedule 4, item 4, page 169 (lines 24 to 26), omit subparagraph 75D(2) (c) (ii), substitute:

  (ii) if the amount worked out under subparagraph (i) is greater than an amount equal to 2.5 million penalty units—2.5 million penalty units.

SHEET 8617 REVISED

(1) Schedule 1, item 73, page 19 (line 7), omit "10", substitute "15".

(2) Schedule 1, item 140, page 66 (table item dealing with subsection 184(1), column headed "Penalty"), omit "10", substitute "15".

(3) Schedule 1, item 140, page 66 (table item dealing with subsection 184(2), column headed "Penalty"), omit "10", substitute "15".

(4) Schedule 1, item 140, page 66 (table item dealing with subsection 184(3), column headed "Penalty"), omit "10", substitute "15".

(5) Schedule 1, item 140, page 71 (table item dealing with subsection 344(2), column headed "Penalty"), omit "10", substitute "15".

(6) Schedule 1, item 140, page 73 (table item dealing with subsection 596AB(1), column headed "Penalty"), omit "10", substitute "15".

(7) Schedule 1, item 140, page 73 (table item dealing with subsection 601FD(4), column headed "Penalty"), omit "10", substitute "15".

(8) Schedule 1, item 140, page 73 (table item dealing with subsection 601FE(4), column headed "Penalty"), omit "10", substitute "15".

(9) Schedule 1, item 140, page 75 (table item dealing with subsection 601UAA(1), column headed "Penalty"), omit "10", substitute "15".

(10) Schedule 1, item 140, page 75 (table item dealing with subsection 601UAB(1), column headed "Penalty"), omit "10", substitute "15".

(11) Schedule 1, item 140, page 77 (table item dealing with subsection 727(1), column headed "Penalty"), omit "10", substitute "15".

(12) Schedule 1, item 140, page 77 (table item dealing with subsection 728(3), column headed "Penalty"), omit "10", substitute "15".

(13) Schedule 1, item 140, page 83 (table item dealing with subsection 952D(1), column headed "Penalty"), omit "10", substitute "15".

(14) Schedule 1, item 140, page 83 (table item dealing with subsection 952D(2), column headed "Penalty"), omit "10", substitute "15".

(15) Schedule 1, item 140, page 83 (table item dealing with subsection 952F(2), column headed "Penalty"), omit "10", substitute "15".

(16) Schedule 1, item 140, page 83 (table item dealing with subsection 952F(3), column headed "Penalty"), omit "10", substitute "15".

(17) Schedule 1, item 140, page 83 (table item dealing with subsection 952F(4), column headed "Penalty"), omit "10", substitute "15".

(18) Schedule 1, item 140, page 83 (table item dealing with subsection 952L(1), column headed "Penalty"), omit "10", substitute "15".

(19) Schedule 1, item 140, page 85 (table item dealing with subsection 993B(3), column headed "Penalty"), omit "10", substitute "15".

(20) Schedule 1, item 140, page 86 (table item dealing with subsection 1021D(1), column headed "Penalty"), omit "10", substitute "15".

(21) Schedule 1, item 140, page 86 (table item dealing with subsection 1021D(2), column headed "Penalty"), omit "10", substitute "15".

(22) Schedule 1, item 140, page 88 (table item dealing with section 1041A, column headed "Penalty"), omit "10", substitute "15".

(23) Schedule 1, item 140, page 88 (table item dealing with subsection 1041B(1), column headed "Penalty"), omit "10", substitute "15".

(24) Schedule 1, item 140, page 88 (table item dealing with subsection 1041C(1), column headed "Penalty"), omit "10", substitute "15".

(25) Schedule 1, item 140, page 88 (table item dealing with section 1041D, column headed "Penalty"), omit "10", substitute "15".

(26) Schedule 1, item 140, page 88 (table item dealing with subsection 1041E(1), column headed "Penalty"), omit "10", substitute "15".

(27) Schedule 1, item 140, page 88 (table item dealing with subsection 1041F(1), column headed "Penalty"), omit "10", substitute "15".

(28) Schedule 1, item 140, page 88 (table item dealing with section 1041G, column headed "Penalty"), omit "10", substitute "15".

(29) Schedule 1, item 140, page 88 (table item dealing with subsection 1043A(1), column headed "Penalty"), omit "10", substitute "15".

(30) Schedule 1, item 140, page 88 (table item dealing with subsection 1043A(2), column headed "Penalty"), omit "10", substitute "15".

(31) Schedule 5, item 2, page 187 (lines 10 to 13), omit the item, substitute:

2 Schedule 3 (table item dealing with subsection 596AB(1))

Repeal the item, substitute:

Question agreed to.

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