Monday, 17 September 2018
I give notice that on the next sitting day I shall move:
That the provisions of paragraph (5) to (8) of standing order 111 not apply to the Treasury Laws Amendment (Supporting Australian Farmers) Bill 2018, allowing it to be considered during this period of sittings.
I also table a statement of reasons justifying the need for this bill to be considered during the sittings and seek leave to have the statement incorporated in Hansard.
The statement read as follows—
TREASURY LAWS AMENDMENT (SUPPORTING AUSTRALIAN FARMERS) BILL 2018
Purpose of the Bill
The Treasury Laws Amendment (Supporting Australian Farmers) Bill 2018 forms part of the Government's Drought Relief Package and allows primary producers to claim an immediate deduction for expenditure on fodder storage assets.
Reasons for Urgency
In order to provide certainty to primary producers and to allow the ATO to make necessary system changes ahead of Tax Time 2019, passage by the end of the 2018 Spring sittings is required.
(Circulated by authority of the Assistant Treasurer)