Senate debates

Wednesday, 11 November 2015

Bills

Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill 2015; In Committee

10:10 am

Photo of Concetta Fierravanti-WellsConcetta Fierravanti-Wells (NSW, Liberal Party, Assistant Minister for Multicultural Affairs) Share this | Hansard source

Thank you for the Senate's indulgence. I am advised that Treasury advice was sought in relation to the work that was done by the Parliamentary Budget Office. I am advised that it was dismissed because the measure is not quantifiable and that the work that was done failed to look at the behavioural implications that are necessary to make an appropriate assessment. The necessity for this bill is to ensure that we will be able to access data which goes to those activities. Senator Ketter, that is what I have just been advised.

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