Scott Buchholz (Wright, Liberal Party, Assistant Minister for Roads and Transport) Share this | Hansard source

Thank you. Firstly, I would like to thank those members who have made a contribution to the debate tonight. We have heard from those on the other side, who have espoused—and rightly so—that they have a beer named after them. I have mentioned the Scenic Rim Brewery in my electorate before. Whilst I don't believe I have a beer brand named after me, they do have a line called the Fat Man, so it is quite possible that I do have some notoriety in that place!

The Treasury Laws Amendment (2019 Measures No. 1) Bill 2019 has four schedules. Schedule 2 to the bill, together with the Excise Tariff Amendment (Supporting Craft Brewers) Bill 2019, extends supports to the craft brewers. Schedule 3 to the bill extends the income exemption for the G20 Global Infrastructure Hub for an additional four years. Schedule 4 to the bill introduces minor technical and machinery amendments to the Treasury portfolio legislation. I also foreshadow the government's amendments for removing schedule 1 from the bill.

Schedule 1 would have increased from four to six the maximum number of members allowed in self-managed super funds and small APRA funds. It is regrettable that the opposition would not support a sensible change to that law and thus provide additional choice for flexibility for Australians to manage their retirement savings. The government continues to support this change and will seek progress on that at a later time. I commend the bills to the House.

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