edited
20th Apr 2024
Treasury Laws Amendment (Tax Accountability and Fairness) Bill 2023 - Second Reading - Separate the two purposes of the bill
Not passed by a modest majority
No rebellions 47% attendance
16th May 2024, 7:04 PM – Senate Treasury Laws Amendment (Tax Accountability and Fairness) Bill 2023 - Second Reading - Petroleum resource rent tax deductions cap
Summary
EditThe majority voted in favour of a motion "that schedule 5 stand as printed." In other words, they voted to keep the schedule as it is.
What is schedule 5?
According to the bill digest:
The provisions in Schedule 5 to the Bill amend the Petroleum Resource Rent Tax Assessment Act 1987 (PRRT Act) to place a cap of 90 per cent on the availability of deductible expenditure incurred in relation to a petroleum project for a year of tax, and consequently brings forward tax payable. The amendments are intended to ensure that the offshore LNG industry pays more tax sooner.
Amendment text
(2) Schedule 5, page 32 (line 1) to page 38 (line 23), Schedule 5 to be opposed.
Votes Passed by a small majority
Nobody rebelled against their party.
| Party | Votes | |
|---|---|---|
| Australian Greens (100% turnout) | 11 Yes – 0 No | |
| Penny Allman-Payne Queensland | Yes | |
| Dorinda Cox WA | Yes | |
| Mehreen Faruqi NSW | Yes | |
| Sarah Hanson-Young SA | Yes | |
| Steph Hodgins-May Victoria | Yes | |
| Nick McKim Tasmania | Yes | |
| Barbara Pocock SA | Yes | |
| David Shoebridge NSW | Yes | |
| Jordon Steele-John WA | Yes | |
| Larissa Waters Queensland | Yes | |
| Peter Whish-Wilson Tasmania | Yes | |
| Australian Labor Party (71% turnout) | 17 Yes – 0 No | |
| Carol Brown Tasmania | Yes | |
| Anthony Chisholm Queensland | Yes | |
| Don Farrell SA | Yes | |
| Katy Gallagher ACT | Yes | |
| Varun Ghosh WA | Yes | |
| Karen Grogan SA | Yes | |
| Jenny McAllister NSW | Yes | |
| Malarndirri McCarthy NT | Yes | |
| Deborah O'Neill NSW | Yes | |
| Fatima Payman WA | Yes | |
| Helen Polley Tasmania | Yes | |
| Louise Pratt WA | Yes | |
| Tony Sheldon NSW | Yes | |
| Glenn Sterle WA | Yes | |
| Jana Stewart Victoria | Yes | |
| Anne Urquhart Tasmania | Yes | |
| Jess Walsh Victoria | Yes | |
| Tim Ayres NSW | Absent | |
| Catryna Bilyk Tasmania | Absent | |
| Raff Ciccone Victoria | Absent | |
| Nita Green Queensland | Absent | |
| Marielle Smith SA | Absent | |
| Murray Watt Queensland | Absent | |
| Penny Wong SA | Absent | |
| Jacinta Nampijinpa Price NT Country Liberal Party | No | |
| Andrew McLachlan SA Deputy President | No | |
| David Pocock ACT Independent | Yes | |
| Lidia Thorpe Victoria Independent | Absent | |
| David Van Victoria Independent | Absent | |
| Jacqui Lambie Network (50% turnout) | 1 Yes – 0 No | |
| Tammy Tyrrell Tasmania | Yes | |
| Jacqui Lambie Tasmania | Absent | |
| Liberal National Party (50% turnout) | 0 Yes – 1 No | |
| Matthew Canavan Queensland | No | |
| James McGrath Queensland | Absent | |
| Liberal Party (74% turnout) | 0 Yes – 17 No | |
| Alex Antic SA | No | |
| Wendy Askew Tasmania | No | |
| Andrew Bragg NSW | No | |
| Michaelia Cash WA | No | |
| Claire Chandler Tasmania | No | |
| Richard Colbeck Tasmania | No | |
| Sarah Henderson Victoria | No | |
| Hollie Hughes NSW | No | |
| Maria Kovacic NSW | No | |
| Kerrynne Liddle SA | No | |
| Matt O'Sullivan WA | No | |
| James Paterson Victoria | No | |
| Gerard Rennick Queensland | No | |
| Linda Reynolds WA | No | |
| Paul Scarr Queensland | No | |
| Dave Sharma NSW | No | |
| Dean Smith WA | No | |
| Simon Birmingham SA | Absent | |
| Slade Brockman WA | Absent | |
| Jonathon Duniam Tasmania | Absent | |
| David Fawcett SA | Absent | |
| Jane Hume Victoria | Absent | |
| Anne Ruston SA | Absent | |
| National Party (75% turnout) | 0 Yes – 3 No | |
| Ross Cadell NSW | No | |
| Perin Davey NSW | No | |
| Bridget McKenzie Victoria | No | |
| Susan McDonald Queensland | Absent | |
| Pauline Hanson's One Nation Party (50% turnout) | 0 Yes – 1 No | |
| Malcolm Roberts Queensland | No | |
| Pauline Hanson Queensland | Absent | |
| Sue Lines WA President | Yes | |
| Ralph Babet Victoria United Australia Party | No | |
| Totals (75% turnout) | 31 Yes – 25 No |
Turnout is the percentage of members eligible to vote that did vote.