Rex Patrick (SA, Centre Alliance) Share this | Hansard source

by leave—I move amendments (5) and (7) on sheet 8742:

(5) Schedule 5, item 2, page 16 (after line 16), after paragraph 355-72(3)(b) in Schedule 1, insert:

  (ba) explain:

     (i) why the primary entity is included in a class of entities declared under subsection (5); and

     (ii) the steps (if any) the primary entity may take to no longer be included in that class before the disclosure occurs; and

(7) Schedule 5, item 2, page 17 (after line 16), after subsection 355-72(5) in Schedule 1, insert:

  (5A) Before making an instrument under subsection (5), the Minister must:

  (a) consult the Inspector-General of Taxation; and

  (b) consider any submissions made by the Inspector-General of Taxation because of that consultation.