David Bradbury (Lindsay, Australian Labor Party, Assistant Treasurer ) Share this | Hansard source

I present supplementary explanatory memoranda to the bill. I ask leave of the House to move government amendments (1) and (2) on sheet ME100 and (1) to (4) on sheet BF253 as circulated together.

Leave granted.

I move government amendments (1) and (2) on sheet ME100 and (1) to (4) on sheet BF253 as circulated together:

(1) Schedule 10, item 6, page 100 (after table item 13.2.4), insert:

(2) Schedule 10, page 101 (after line 6), after item 10, insert:

10A Section 30 -315 (after table item 111A)

Insert:

(1) Clause 2, page 2 (table items 6 to 8), omit the table items.

(2) Clause 2, page 2 (table item 9), omit the table item.

(3) Schedule 3, page 56 (line 1) to page 69 (line 7), omit the Schedule.

(4) Schedule 4, page 70 (line 1) to page 76 (line 5), omit the Schedule.

In moving these amendments, I reinforce the points made in the summing-up speech in relation to the importance of listing for Social Traders Ltd. I also recognise the fact that, given the opposition to schedules in relation to the Tax Agent Services Act, we will ensure that some additional consultation can occur in relation to those matters. But I reiterate the fact that the government remains committed to proceeding with what are essentially amendments that will ensure that financial planners engaged in the provision of taxation advice are subject to the same requirements of those elsewhere that are providing taxation advice.

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