Senate debates
Monday, 4 July 2011
Bills
Tax Laws Amendment (2011 Measures No. 2) Bill 2011, Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Bill 2011, Tax Laws Amendment (2011 Measures No. 4) Bill 2011, Tax Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2011, International Tax Agreements Amendment Bill (No. 1) 2011, Acts Interpretation Amendment Bill 2011, Midwife Professional Indemnity Legislation Amendment Bill 2011, Social Security Legislation Amendment (Job Seeker Compliance) Bill 2011, Social Security Amendment (Parenting Payment Transitional Arrangement) Bill 2011, Families, Housing, Community Services and Indigenous Affairs and Other Legislation Amendment (Election Commitments and Other Measures) Bill 2011, Tax Laws Amendment (2011 Measures No. 3) Bill 2011, Family Assistance and Other Legislation Amendment Bill 2011, Families, Housing, Community Services and Indigenous Affairs and Other Legislation Amendment (Further Election Commitments and Other Measures) Bill 2011, Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Bill 2011
5:37 pm
Nick Xenophon (SA, Independent) Share this | Hansard source
Again, I am disappointed but not surprised. I am just trying to understand the coalition's point of view. Senator Ronaldson, I apologise if I misheard you but how would it cost taxpayers more if there were greater clarity in the test? How would it be a burden to simply have guidelines that say there must be some materiality between what has been charged and the cost, and to measure that as a yardstick of reasonableness in terms of interpreting the ASIC guidelines?
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