Katy Gallagher (ACT, Australian Labor Party) Share this | Hansard source

Oh, they have gone around, okay. This is called doing it on the run. These three amendments deal with the difference between the government position on the non-concessional cap being set at $100,000 and the opposition position that it should be set at $75,000. There are some other consequential transitional arrangements which are impacted by lowering the cap to $75,000, which are dealt with in Nos 2 and 3 of my amendments to amendment (5). I know that is very confusing, but it is absolutely straight down the line implementing our position on the $25,000 difference between the non-concessional cap, and I do acknowledge the minister and indeed your officials for assisting us with that. It has not been an ideal arrangement for dealing with these amendments; I do accept that. It has been very rushed. The Senate office has been very constrained with other commitments this week, and these amendments as finalised were not available until late this morning, which has compounded some of the issues that we have been dealing with on the floor, but I do accept everyone's willingness to cooperate and to ensure that the amendments as put to the committee reflect the policy position that we have taken, which is around lowering the annual non-concessional cap to $75,000 and subsequently amending sections of the bill which deal with the transitional arrangements to that lowering of the cap.