Wayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Link to this | Hansard source

I move:

That this bill be now read a second time.

The First Home Saver Account Providers Supervisory Levy Imposition Bill 2008 is the second bill in the package to finalise the government’s First Home Saver Accounts scheme.

As described in the second reading speech to the main bill, this bill imposes the levy to provide funding for the Australian Prudential Regulation Authority to carry out its supervision of financial institutions which offer FHSAs.

Full details of this bill are contained in the explanatory memorandum already presented.

Debate (on motion by Mr Haase) adjourned.