House debates

Thursday, 27 June 2024

Bills

Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Bill 2024; Report from Federation Chamber

9:52 am

Photo of Milton DickMilton Dick (Speaker) Share this | | Hansard source

The question is the amendment moved by the member for Griffith be agreed to.

10:00 am

Photo of Milton DickMilton Dick (Speaker) Share this | | Hansard source

The question now is that the amendment moved by the honourable member for Petrie be agreed to.

Proposed amendment—

That all words after "That" be omitted with a view to substituting the following words:

"the House notes:

(1) that the former Government consistently delivered lower taxes for small business, families, and implemented more than a dozen measures to combat multinational tax avoidance;

(2) the Government voted eight times against delivering a bigger tax cut to small business in last year's instant asset write off;

(3) the Government's last multinational tax bill was so badly designed it taxed Australian companies;

(4) that since the election, Australians are paying 20 per cent more income tax and the Government has banked over $60 billion in bracket creep;

(5) that despite promising to only raise taxes on multinationals at the election, the Government has broken promises to raise taxes on superannuation, on unrealised capital gains, on franking credits, personal income, tax, and to end small business tax incentives; and

(6) that the Government's housing policy is failing to meet its supply targets and supporting forever renting, not home ownership".