5th Aug 2021, 12:26 PM – Senate Treasury Laws Amendment (Covid-19 Economic Response No. 2) Bill 2021 - in Committee - Publication of COVID-19 payment information

The majority voted in favour of an amendment on sheet 1352, which was introduced by South Australian Senator Rex Patrick (Independent). This means it passed.

Amendment text

(1) Page 9 (after line 17), at the end of the Bill, add:

Schedule 6 — Publication of information about COVID-19 payment recipients

Coronavirus Economic Response Package (Payments and Benefits) Act 2020

1 Section 6

Insert:

annual turnover of an entity for a financial year is the total of the following that is earned in the year in the course of the entity’s business:

(a) the proceeds of sales of goods and/or services;

(b) commission income;

(c) repair and service income;

(d) rent, leasing and hiring income;

(e) government bounties and subsidies;

(f) interest, royalties and dividends;

(g) other operating income.

If the entity is a non-profit body (within the meaning of section 23-15 of the A New Tax System (Goods and Services Tax) Act 1999 ), treat the operations or activities carried out by the body as the business of the body.

jobkeeper payment means a payment under the jobkeeper scheme.

jobkeeper scheme means the scheme for the Coronavirus economic response payment known as the jobkeeper payment provided for in rules made for the purposes of subsection 7(1) in relation to the period 1 March 2020 to 28 March 2021.