Senate debates

Wednesday, 3 September 2008

Tax Laws Amendment (2008 Measures No. 4) Bill 2008

In Committee

10:45 am

Photo of Stephen ConroyStephen Conroy (Victoria, Australian Labor Party, Deputy Leader of the Government in the Senate) Share this | Hansard source

As explained in the EM, the compliance costs are considered to be relatively minimal due to the fact that a nomination has to be made. But it is still made, irrespective of the change. What this does is limit the number of nominees, so the process of distribution comes through nomination, and this just reduces the pool of potential nominees.

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