Richard Colbeck (Tasmania, Liberal Party, Parliamentary Secretary to the Minister for Finance and Administration) Share this | Hansard source

I would like to thank Senator Stephens and Senator Murray for their comments concerning this non-controversial legislation. Senator Stephens raised a couple of technical questions, and I undertake that she will be provided with answers to those as soon as possible.

This legislation implements a variety of changes and improvements to the tax laws to provide tax exemptions for the F111 ex gratia lump sum payments, improvements to capital gains tax rules and simplified imputation system changes. This legislation also provides for the specific listing for two funds as deductible gift recipients and makes changes to superannuation rules. I commend this bill to the Senate.

Question agreed to.

Bill read a second time.