Nick Sherry (Tasmania, Australian Labor Party, Shadow Minister for Banking and Financial Services) Share this | Hansard source

I will be brief. I do have a copy of the relevant provisions in the Criminal Code Act 1995 and the tax act 1997. As I have indicated, the wording is slightly different, but there is a difference. In the Criminal Code, division 70.4(1)(a) says:

The value of the benefit was of a minor nature ...

That is not contained in the tax act 1997. Labor believe there is some doubt, but this has never been tested before by the tax office. We believe that any doubt should be removed. These are very serious circumstances, and we believe that we should take the opportunity to correct it.

Question put:

That the amendment (Senator Sherry’s) be agreed to.