Division Description Changes — Bills — Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2017; Second Reading — 8th Feb 2018

Change	Division
representatives vote 2018-02-08#6 Edited by mackay staff on 2023-07-28 08:09:20	Title Bills — Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2017; Second Reading Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2017 - Second Reading - Criticism of big business tax cut Description ~~<p class="speaker">Kelly O'Dwyer</p>~~ <p>Firstly, I'd like to thank the members who've contributed to this debate on the Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2017. The amendments in this bill will clarify the criteria for the lower company tax rate. Businesses that derive more than 80 per cent of their incomes in passive forms will not have access to the lower company rate. This new 'bright-line test' will replace the 'carrying on a business test' and make it easier for companies to determine which tax rate applies. It will operate from the 2017-18 income year. I commend the bill to the House.</p> *The majority voted against an amendment to the usual second reading motion, which is "that the bill be read for a second time" - parliamentary jargon for agreeing with the main idea of the bill. This means it failed. ### Amendment text > That a*ll words after "That" be omitted with a view to substituting the following words: "whilst not declining to give the bill a second reading, the House: > *>> (1) is of the opinion that with Government debt soaring ever higher, it's time the Turnbull Government abandoned its plan to give big** business a multi-billion tax cut;* >> >> (2) notes that the Government is debating legislative fixes that are a result of its slapdash approach to policy making; and >> *>> (3) calls on the Government to** commit to a post-implementation review of this measure".* ~~<p class="speaker">Tony Smith</p>~~ <p>The original question was that this bill be now read a second time. To this the honourable member for Fenner has moved as an amendment that all words after 'That' be omitted with a view to substituting other words. The immediate question is that the amendment moved by the member for Fenner be agreed to.</p>

~~Kelly O'Dwyer~~
Firstly, I'd like to thank the members who've contributed to this debate on the Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2017. The amendments in this bill will clarify the criteria for the lower company tax rate. Businesses that derive more than 80 per cent of their incomes in passive forms will not have access to the lower company rate. This new 'bright-line test' will replace the 'carrying on a business test' and make it easier for companies to determine which tax rate applies. It will operate from the 2017-18 income year. I commend the bill to the House.
The majority voted against an amendment to the usual second reading motion, which is "*that the bill be read for a second time*" - parliamentary jargon for agreeing with the main idea of the bill. This means it failed.
### Amendment text
> *That all words after "That" be omitted with a view to substituting the following words: "whilst not declining to give the bill a second reading, the House:*
>
>> *(1) is of the opinion that with Government debt soaring ever higher, it's time the Turnbull Government abandoned its plan to give big business a multi-billion tax cut;*
>>
>> *(2) notes that the Government is debating legislative fixes that are a result of its slapdash approach to policy making; and*
>>
>> *(3) calls on the Government to commit to a post-implementation review of this measure".*
~~Tony Smith~~
The original question was that this bill be now read a second time. To this the honourable member for Fenner has moved as an amendment that all words after 'That' be omitted with a view to substituting other words. The immediate question is that the amendment moved by the member for Fenner be agreed to.