Kim Carr (Victoria, Australian Labor Party, Minister for Innovation, Industry, Science and Research) Share this | Hansard source

I understand that we are trying to process these matters as quickly as possible. I am not able to support the opposition group of amendments although I do support the change in the start-up date. Given the time that has now elapsed, I think it is appropriate that the start-up date be 1 July 2011. As I understand it there are a number of other amendments within this category which the committee has decided to take as a whole that go to a range of other matters, which, given the changes that have now occurred with other amendments, are no longer necessary. I propose, Mr Chairman, that we reject this group of amendments and support the government's amendments which are moved in the next block, which have the same effect of changing the start-up date but do not go to a range of other measures which are now obsolete because the Tax Laws Amendment (Transfer of Provisions) Act 2010 has commenced. The presumption in these amendments as they were moved in their original form, particularly relating to amendments (23) and (25), is that the provision of that act would not apply. Part 5 of the bill is, therefore, not incorrect and amending the bill in the manner suggested by the opposition is unnecessary.

Question negatived.