Andrew Leigh (Fenner, Australian Labor Party, Assistant Minister for Competition, Charities and Treasury) Share this | Link to this | Hansard source

I move:

That this bill be now read a second time.

This bill is part of a package of three bills which together will formalise longstanding Commonwealth practice by providing express, modernised and consistent legislative authority for Commonwealth entities to continue to charge and collect payment surcharges where the entity has the legislative authority to collect a payment.

This bill imposes a tax equivalent to the amount of the payment surcharge that has already been collected by a Commonwealth entity, where the authorisation of the past collection of a payment surcharge is beyond the non-tax powers of the Commonwealth.

The bill will commence on the day it receives royal assent.

Full details of the measure are contained in the explanatory memorandum.

Debate adjourned.