Cognate debate.

Debate resumed on the motion:

That this bill be now read a second time.

to which the following amendment was moved by the member for Groom:

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) objects to the Government's repeated attacks on the resources sector, in particular its decision to impose a $2.5 billion tax on condensate on the North West Shelf in 2008, a decision which has made it necessary for this legislation attempting to clarify confusion created about taxable areas;

(2) notes the Government's comprehensive failure to provide leadership for the energy and resources sector, most grievously by its failure to deliver an Energy White Paper;

(3) expresses concern about the Government's decisions to put more pressure on all sectors of the economy by inflicting taxes such as the condensate tax, carbon tax and minerals resource rent tax;

(4) calls on the Government to scrap its destructive high taxing regime which is inflicting damage on the energy and resources sector, which is one of the most profitable sectors of the Australian economy."

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