Senate debates

Thursday, 28 October 2010

Tradex Scheme Amendment Bill 2010

Second Reading

Debate resumed from 25 October, on motion by Senator Sherry:

That this bill be now read a second time.

1:32 pm

Photo of Richard ColbeckRichard Colbeck (Tasmania, Liberal Party, Shadow Parliamentary Secretary for Fisheries and Forestry) Share this | | Hansard source

I rise to briefly speak in support of the Tradex Scheme Amendment Bill 2010. The government has given assurances that this legislation is merely to clarify eligibility status of partnerships for assistance under the Tradex Scheme and to remove some redundant provisions from the act. This scheme was put in place by the Howard government in 2000 as a key initiative of its industry statement at the time. It has played an important role in streamlining the way that relief is provided for businesses paying customs and GST on imported products which are ultimately intended for re-export.

On the understanding of the assurances that the government have provided to the opposition and their intention to continue to provide good stewardship of this scheme, the opposition is happy to support this legislation.

1:33 pm

Photo of Kim CarrKim Carr (Victoria, Australian Labor Party, Minister for Innovation, Industry, Science and Research) Share this | | Hansard source

I thank all senators for their contribution to the debate on the Tradex Scheme Amendment Bill 2010.

Question agreed to.

Bill read a second time.