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senate vote 2024-05-16#32

Edited by mackay staff

on 2024-11-03 15:30:07

Title

  • Bills — Treasury Laws Amendment (Tax Accountability and Fairness) Bill 2023; Second Reading
  • Treasury Laws Amendment (Tax Accountability and Fairness) Bill 2023 - Second Reading - Future Gas Strategy

Description

  • <p class="speaker">Sue Lines</p>
  • <p>I will first deal with the second reading amendment circulated by the opposition. The question is that the amendment on sheet 2623 be agreed to.</p>
  • The majority voted against an [amendment](https://www.openaustralia.org.au/senate/?gid=2024-05-16.224.2) to the usual second reading motion, which is "*that the bill be read a second time*" (parliamentary jargon for agreeing with the main idea of the bill).
  • ### Amendment text
  • > *At the end of the motion, add ", but the Senate:*
  • >
  • >> *(a) notes that:*
  • >>
  • >>> *(i) the Treasurer has failed to engage in negotiations with the Opposition on sensible proposals to support investment in the gas industry, which is the revenue base for this tax,*
  • >>>
  • >>> *(ii) the Government still cannot answer simple questions about this tax, including whether it is new or a bring forward of revenue, its impact on investment in the industry, and its impact on energy prices, despite having had more than six months to do so, and*
  • >>>
  • >>> *(iii) that the cynical and absurd stapling of changes to the Petroleum Resource Rent Tax to measures with cross-party support responding to the PwC and Tax Practitioners Board issue demonstrates the lack of seriousness from the Government towards this legislation; and*
  • >>
  • >> *(b) calls on the Government to support the Opposition's proposals to acknowledge its own Future Gas Strategy and support the future of the gas industry".*
  • <p><i>Opposition's </i> <i>circulated</i> <i> amendment</i></p>
  • <p class="italic">At the end of the motion, add ", but the Senate:</p>
  • <p class="italic">(a) notes that:</p>
  • <p class="italic">(i) the Treasurer has failed to engage in negotiations with the Opposition on sensible proposals to support investment in the gas industry, which is the revenue base for this tax,</p>
  • <p class="italic">(ii) the Government still cannot answer simple questions about this tax, including whether it is new or a bring forward of revenue, its impact on investment in the industry, and its impact on energy prices, despite having had more than six months to do so, and</p>
  • <p class="italic">(iii) that the cynical and absurd stapling of changes to the Petroleum Resource Rent Tax to measures with cross-party support responding to the PwC and Tax Practitioners Board issue demonstrates the lack of seriousness from the Government towards this legislation; and</p>
  • <p class="italic">(b) calls on the Government to support the Opposition's proposals to acknowledge its own Future Gas Strategy and support the future of the gas industry".</p>
  • <p></p>
  • <p></p>