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

The problem with that approach is that it did not recognise that they were being claimed and they were viable under the existing arrangements. Because of the changes in administrative interpretation, they were quite clearly outside the policy intent of all players in this game at the political level. The problem is that under the old regime they were able to be made and there was an incredibly complex process of appeal. Nonetheless, those claims could be made. That is why this legislation is so important.

Question agreed to.

Bill, as amended, agreed to.

Bill—by leave—taken as a whole.

The Senate considers this bill to be a bill which imposes taxation within the meaning of section 53 of the Constitution. Accordingly, the government moves this amendment as a request:

(1) Schedule 1, item 4, page 3 (line 21), omit “1 July 2010”, substitute “1 July 2011”.

This amendment goes to the issue of the start date. The effect of this amendment is to make a minor change to schedule 1, item 4 of the bill to defer assessment for incomes commencing on or after 1 July 2011. The start date will be amended to 1 July 2011.

Question agreed to.

Bill agreed to, subject to request.

Bills reported; report adopted.