Joe Ludwig (Queensland, Australian Labor Party, Manager of Government Business in the Senate) Share this | Hansard source

I give notice that, on the next day of sitting, I shall move:

That the provisions of paragraphs (5) to (8) of standing order 111 not apply to the following bills, allowing them to be considered during this period of sittings:

First Home Saver Accounts (Further Provisions) Amendment Bill 2008

First Home Saver Account Providers Supervisory Levy Imposition Bill 2008.

I also table a statement of reasons justifying the need for these bills to be considered during these sittings and seek leave to have the statement incorporated in Hansard.

Leave granted.

The statement read as follows—

FIRST HOME SAVER ACCOUNTS (FURTHER PROVISIONS) AMENDMENT BILL 2008

FIRST HOME SAVER ACCOUNT PROVIDERS SUPERVISORY LEVY IMPOSITION BILL 2008

Purpose of the bills

These bills will include further provisions in the law covering First Home Saver Accounts, introduce a levy on First Home Saver Account providers and make technical amendments to ensure that the law operates as intended.

Reasons for Urgency

Passage in this sitting is required as First Home Saver Accounts will be able to be offered from 1 October 2008.

(Circulated by authority of the Treasurer)