edited
12 days ago
Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023 and another - Second Reading - Unrealised capital gains
Not passed by a large majority
No rebellions 43% attendance
9th Oct 2024, 4:09 PM – Representatives Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023 - Consideration in Detail - Agree with the bill
Summary
EditThe majority voted in favour of a motion "that the bill be agreed to." This means they can now vote on whether to pass the bill.
What does the bill do?
According to the bills digest:
Schedules 1-3 of the Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures Bill 2023 amend a number of Commonwealth statutes to reduce the tax concessions available to individuals with a total superannuation balance of more than $3 million. The Superannuation (Better Targeted Superannuation Concessions) Imposition Bill 2023 implements that measure. Schedule 6 makes minor and technical amendments to the A New Tax System (Goods and Services Tax Act) 1999 (GST Act), the Fuel Tax Act 2006 and the Income Tax Assessment Act 1997.
Schedule 8 expands the regulatory coverage of the Payment Systems (Regulation) Act 1998 by inserting new definitions of payment system and participant so that entities providing buy-now pay-later products, digital wallet passthrough services (such as ApplePay and Google Wallet), cash distribution services, and services that facilitate payment in crypto assets are able to be regulated.
Votes Passed by a small majority
Nobody rebelled against their party.
| Party | Votes | |
|---|---|---|
| Australian Greens (0% turnout) | Absent | |
| Adam Bandt Melbourne | Absent | |
| Stephen Bates Brisbane | Absent | |
| Max Chandler-Mather Griffith | Absent | |
| Elizabeth Watson-Brown Ryan | Absent | |
| Australian Labor Party (95% turnout) | 73 Yes – 0 No | |
| Anne Aly Cowan | Yes | |
| Michelle Ananda-Rajah Higgins | Yes | |
| Jodie Belyea Dunkley | Yes | |
| Chris Bowen McMahon | Yes | |
| Tony Burke Watson | Yes | |
| Matt Burnell Spence | Yes | |
| Josh Burns Macnamara | Yes | |
| Mark Butler Hindmarsh | Yes | |
| Alison Byrnes Cunningham | Yes | |
| Jim Chalmers Rankin | Yes | |
| Andrew Charlton Parramatta | Yes | |
| Lisa Chesters Bendigo | Yes | |
| Jason Clare Blaxland | Yes | |
| Sharon Claydon Newcastle | Yes | |
| Libby Coker Corangamite | Yes | |
| Julie Collins Franklin | Yes | |
| Pat Conroy Shortland | Yes | |
| Mary Doyle Aston | Yes | |
| Mark Dreyfus Isaacs | Yes | |
| Justine Elliot Richmond | Yes | |
| Cassandra Fernando Holt | Yes | |
| Mike Freelander Macarthur | Yes | |
| Carina Garland Chisholm | Yes | |
| Steve Georganas Adelaide | Yes | |
| Andrew Giles Scullin | Yes | |
| Patrick Gorman Perth | Yes | |
| Luke Gosling Solomon | Yes | |
| Julian Hill Bruce | Yes | |
| Ed Husic Chifley | Yes | |
| Stephen Jones Whitlam | Yes | |
| Ged Kearney Cooper | Yes | |
| Matt Keogh Burt | Yes | |
| Peter Khalil Wills | Yes | |
| Catherine King Ballarat | Yes | |
| Madeleine King Brand | Yes | |
| Tania Lawrence Hasluck | Yes | |
| Jerome Laxale Bennelong | Yes | |
| Andrew Leigh Fenner | Yes | |
| Sam Lim Tangney | Yes | |
| Richard Marles Corio | Yes | |
| Zaneta Mascarenhas Swan | Yes | |
| Kristy McBain Eden-Monaro | Yes | |
| Emma McBride Dobell | Yes | |
| Louise Miller-Frost Boothby | Yes | |
| Rob Mitchell McEwen | Yes | |
| Daniel Mulino Fraser | Yes | |
| Shayne Neumann Blair | Yes | |
| Brendan O'Connor Gorton | Yes | |
| Clare O'Neil Hotham | Yes | |
| Alicia Payne Canberra | Yes | |
| Graham Perrett Moreton | Yes | |
| Fiona Phillips Gilmore | Yes | |
| Sam Rae Hawke | Yes | |
| Gordon Reid Robertson | Yes | |
| Dan Repacholi Hunter | Yes | |
| Amanda Rishworth Kingston | Yes | |
| Tracey Roberts Pearce | Yes | |
| Michelle Rowland Greenway | Yes | |
| Joanne Ryan Lalor | Yes | |
| Marion Scrymgour Lingiari | Yes | |
| Bill Shorten Maribyrnong | Yes | |
| Sally Sitou Reid | Yes | |
| David Smith Bean | Yes | |
| Anne Stanley Werriwa | Yes | |
| Meryl Swanson Paterson | Yes | |
| Susan Templeman Macquarie | Yes | |
| Matt Thistlethwaite Kingsford Smith | Yes | |
| Kate Thwaites Jagajaga | Yes | |
| Maria Vamvakinou Calwell | Yes | |
| Tim Watts Gellibrand | Yes | |
| Anika Wells Lilley | Yes | |
| Josh Wilson Fremantle | Yes | |
| Tony Zappia Makin | Yes | |
| Anthony Albanese Grayndler | Absent | |
| Linda Burney Barton | Absent | |
| Brian Mitchell Lyons | Absent | |
| Tanya Plibersek Sydney | Absent | |
| Rebekha Sharkie Mayo Centre Alliance | No | |
| Mark Coulton Parkes Deputy Speaker | No | |
| Dai Le Fowler Independent | Yes | |
| Andrew Wilkie Clark Independent | Yes | |
| Russell Broadbent Monash Independent | No | |
| Kate Chaney Curtin Independent | No | |
| Zoe Daniel Goldstein Independent | No | |
| Andrew Gee Calare Independent | No | |
| Helen Haines Indi Independent | No | |
| Monique Ryan Kooyong Independent | No | |
| Sophie Scamps Mackellar Independent | No | |
| Allegra Spender Wentworth Independent | No | |
| Zali Steggall Warringah Independent | No | |
| Kylea Tink North Sydney Independent | No | |
| Bob Katter Kennedy Katter's Australian Party | Absent | |
| Liberal National Party (89% turnout) | 0 Yes – 8 No | |
| Angie Bell Moncrieff | No | |
| Colin Boyce Flynn | No | |
| Cameron Caldwell Fadden | No | |
| Garth Hamilton Groom | No | |
| Henry Pike Bowman | No | |
| Phillip Thompson Herbert | No | |
| Andrew Willcox Dawson | No | |
| Terry Young Longman | No | |
| Andrew Wallace Fisher | Absent | |
| Liberal Party (91% turnout) | 0 Yes – 30 No | |
| Karen Andrews McPherson | No | |
| Bridget Archer Bass | No | |
| Scott Buchholz Wright | No | |
| Peter Dutton Dickson | No | |
| Warren Entsch Leichhardt | No | |
| Paul Fletcher Bradfield | No | |
| Andrew Hastie Canning | No | |
| Alex Hawke Mitchell | No | |
| Luke Howarth Petrie | No | |
| Simon Kennedy Cook | No | |
| Julian Leeser Berowra | No | |
| Sussan Ley Farrer | No | |
| Nola Marino Forrest | No | |
| Zoe McKenzie Flinders | No | |
| Ted O'Brien Fairfax | No | |
| Tony Pasin Barker | No | |
| Gavin Pearce Braddon | No | |
| Melissa Price Durack | No | |
| Rowan Ramsey Grey | No | |
| James Stevens Sturt | No | |
| Michael Sukkar Deakin | No | |
| Angus Taylor Hume | No | |
| Dan Tehan Wannon | No | |
| Bert Van Manen Forde | No | |
| Ross Vasta Bonner | No | |
| Aaron Violi Casey | No | |
| Jenny Ware Hughes | No | |
| Rick Wilson O'Connor | No | |
| Keith Wolahan Menzies | No | |
| Jason Wood La Trobe | No | |
| David Coleman Banks | Absent | |
| Ian Goodenough Moore | Absent | |
| Melissa McIntosh Lindsay | Absent | |
| National Party (100% turnout) | 0 Yes – 12 No | |
| Sam Birrell Nicholls | No | |
| Darren Chester Gippsland | No | |
| Pat Conaghan Cowper | No | |
| David Gillespie Lyne | No | |
| Kevin Hogan Page | No | |
| Barnaby Joyce New England | No | |
| Michelle Landry Capricornia | No | |
| David Littleproud Maranoa | No | |
| Michael McCormack Riverina | No | |
| Llew O'Brien Wide Bay | No | |
| Keith Pitt Hinkler | No | |
| Anne Webster Mallee | No | |
| Milton Dick Oxley Speaker | Absent | |
| Totals (91% turnout) | 75 Yes – 62 No |
Turnout is the percentage of members eligible to vote that did vote.