edited
24th Nov 2023
Treasury Laws Amendment (2017 Enterprise Incentives No. 1) Bill 2017 - Second Reading - Against the second reading
Not passed by a small majority
No rebellions 97% attendance
22nd Jun 2017, 11:14 AM – Representatives Treasury Laws Amendment (2017 Enterprise Incentives No. 1) Bill 2017 - Second Reading - Agree with the bill's main idea
Summary
EditThe majority voted in favour of a motion to agree with the main idea of the bill. In parliamentary jargon, they voted to read the bill for a second time. This means they can now consider the bill in greater detail.
What is the main idea of the bill?
According to the bills digest:
The purpose of the Treasury Laws Amendment (2017 Enterprise Incentives No. 1) Bill 2017 (the Bill) is to amend the Income Tax Assessment Act 1997 (the ITAA 1997) and the Income Tax Assessment Act 1936 (the ITAA 1936) to:
- improve access to previous year tax losses for companies and listed widely held trusts by introducing a ‘similar business test’ that will allow those that have changed ownership but conduct substantially the same business after that change of ownership, to access those tax losses (which the application of the existing ‘same business test’ would prevent) and
- provide taxpayers with the choice to self-assess the effective life of certain intangible depreciating assets (such as patents, in-house software, registered designs and certain copyrights and licences) that they start to hold on or after 1 July 2016, rather than using the existing specified statutory effective life.
Votes Passed by a small majority
Nobody rebelled against their party.
| Party | Votes | |
|---|---|---|
| Adam Bandt Melbourne Australian Greens | No | |
| Australian Labor Party (99% turnout) | 0 Yes – 68 No | |
| Anthony Albanese Grayndler | No | |
| Anne Aly Cowan | No | |
| Sharon Bird Cunningham | No | |
| Chris Bowen McMahon | No | |
| Gai Brodtmann Canberra | No | |
| Tony Burke Watson | No | |
| Linda Burney Barton | No | |
| Mark Butler Port Adelaide | No | |
| Terri Butler Griffith | No | |
| Anthony Byrne Holt | No | |
| Jim Chalmers Rankin | No | |
| Nick Champion Wakefield | No | |
| Lisa Chesters Bendigo | No | |
| Jason Clare Blaxland | No | |
| Sharon Claydon Newcastle | No | |
| Julie Collins Franklin | No | |
| Pat Conroy Shortland | No | |
| Michael Danby Melbourne Ports | No | |
| Milton Dick Oxley | No | |
| Mark Dreyfus Isaacs | No | |
| Justine Elliot Richmond | No | |
| Kate Ellis Adelaide | No | |
| David Feeney Batman | No | |
| Joel Fitzgibbon Hunter | No | |
| Mike Freelander Macarthur | No | |
| Steve Georganas Hindmarsh | No | |
| Andrew Giles Scullin | No | |
| Luke Gosling Solomon | No | |
| Tim Hammond Perth | No | |
| Ross Hart Bass | No | |
| Chris Hayes Fowler | No | |
| Julian Hill Bruce | No | |
| Emma Husar Lindsay | No | |
| Ed Husic Chifley | No | |
| Stephen Jones Whitlam | No | |
| Justine Keay Braddon | No | |
| Mike Kelly Eden-Monaro | No | |
| Matt Keogh Burt | No | |
| Peter Khalil Wills | No | |
| Catherine King Ballarat | No | |
| Madeleine King Brand | No | |
| Susan Lamb Longman | No | |
| Andrew Leigh Fenner | No | |
| Jenny Macklin Jagajaga | No | |
| Richard Marles Corio | No | |
| Emma McBride Dobell | No | |
| Brian Mitchell Lyons | No | |
| Rob Mitchell McEwen | No | |
| Shayne Neumann Blair | No | |
| Brendan O'Connor Gorton | No | |
| Clare O'Neil Hotham | No | |
| Cathy O'Toole Herbert | No | |
| Julie Owens Parramatta | No | |
| Graham Perrett Moreton | No | |
| Tanya Plibersek Sydney | No | |
| Amanda Rishworth Kingston | No | |
| Michelle Rowland Greenway | No | |
| Joanne Ryan Lalor | No | |
| Bill Shorten Maribyrnong | No | |
| Warren Snowdon Lingiari | No | |
| Anne Stanley Werriwa | No | |
| Meryl Swanson Paterson | No | |
| Susan Templeman Macquarie | No | |
| Matt Thistlethwaite Kingsford Smith | No | |
| Maria Vamvakinou Calwell | No | |
| Tim Watts Gellibrand | No | |
| Josh Wilson Fremantle | No | |
| Tony Zappia Makin | No | |
| Wayne Swan Lilley | Absent | |
| Mark Coulton Parkes Deputy Speaker | Yes | |
| Cathy McGowan Indi Independent | Yes | |
| Andrew Wilkie Denison Independent | Absent | |
| Bob Katter Kennedy Katter's Australian Party | Absent | |
| Liberal Party (98% turnout) | 58 Yes – 0 No | |
| Tony Abbott Warringah | Yes | |
| John Alexander Bennelong | Yes | |
| Karen Andrews McPherson | Yes | |
| Kevin Andrews Menzies | Yes | |
| Julia Banks Chisholm | Yes | |
| Julie Bishop Curtin | Yes | |
| Russell Broadbent McMillan | Yes | |
| Scott Buchholz Wright | Yes | |
| Steven Ciobo Moncrieff | Yes | |
| David Coleman Banks | Yes | |
| Chris Crewther Dunkley | Yes | |
| Peter Dutton Dickson | Yes | |
| Warren Entsch Leichhardt | Yes | |
| Trevor Evans Brisbane | Yes | |
| Jason Falinski Mackellar | Yes | |
| Paul Fletcher Bradfield | Yes | |
| Nicolle Flint Boothby | Yes | |
| Josh Frydenberg Kooyong | Yes | |
| Ian Goodenough Moore | Yes | |
| Andrew Hastie Canning | Yes | |
| Alex Hawke Mitchell | Yes | |
| Sarah Henderson Corangamite | Yes | |
| Luke Howarth Petrie | Yes | |
| Greg Hunt Flinders | Yes | |
| Steve Irons Swan | Yes | |
| Michael Keenan Stirling | Yes | |
| Craig Kelly Hughes | Yes | |
| Andrew Laming Bowman | Yes | |
| Craig Laundy Reid | Yes | |
| Julian Leeser Berowra | Yes | |
| Sussan Ley Farrer | Yes | |
| Nola Marino Forrest | Yes | |
| John McVeigh Groom | Yes | |
| Scott Morrison Cook | Yes | |
| Ben Morton Tangney | Yes | |
| Ted O'Brien Fairfax | Yes | |
| Tony Pasin Barker | Yes | |
| Christian Porter Pearce | Yes | |
| Jane Prentice Ryan | Yes | |
| Melissa Price Durack | Yes | |
| Christopher Pyne Sturt | Yes | |
| Rowan Ramsey Grey | Yes | |
| Stuart Robert Fadden | Yes | |
| Ann Sudmalis Gilmore | Yes | |
| Michael Sukkar Deakin | Yes | |
| Angus Taylor Hume | Yes | |
| Dan Tehan Wannon | Yes | |
| Alan Tudge Aston | Yes | |
| Malcolm Turnbull Wentworth | Yes | |
| Bert Van Manen Forde | Yes | |
| Ross Vasta Bonner | Yes | |
| Andrew Wallace Fisher | Yes | |
| Lucy Wicks Robertson | Yes | |
| Rick Wilson O'Connor | Yes | |
| Tim Wilson Goldstein | Yes | |
| Jason Wood La Trobe | Yes | |
| Ken Wyatt Hasluck | Yes | |
| Trent Zimmerman North Sydney | Yes | |
| Kelly O'Dwyer Higgins | Absent | |
| National Party (100% turnout) | 15 Yes – 0 No | |
| Andrew Broad Mallee | Yes | |
| Darren Chester Gippsland | Yes | |
| George Christensen Dawson | Yes | |
| Damian Drum Murray | Yes | |
| Andrew Gee Calare | Yes | |
| David Gillespie Lyne | Yes | |
| Luke Hartsuyker Cowper | Yes | |
| Kevin Hogan Page | Yes | |
| Barnaby Joyce New England | Yes | |
| Michelle Landry Capricornia | Yes | |
| David Littleproud Maranoa | Yes | |
| Michael McCormack Riverina | Yes | |
| Llew O'Brien Wide Bay | Yes | |
| Ken O'Dowd Flynn | Yes | |
| Keith Pitt Hinkler | Yes | |
| Rebekha Sharkie Mayo Nick Xenophon Team | Yes | |
| Tony Smith Casey Speaker | Absent | |
| Totals (97% turnout) | 77 Yes – 69 No |
Turnout is the percentage of members eligible to vote that did vote.