Zed Seselja (ACT, Liberal Party, Assistant Minister for Finance, Charities and Electoral Matters) Share this | Hansard source

Can I start by thanking Senator Whish-Wilson for his praise of our public servants—and I agree—with the great work that's been done by many officials, not just in the Treasury, though the Treasury certainly has been at the heart of the economic response of the government, and we're very pleased and very grateful for that very, very hard work.

Very briefly, on this second reading amendment that has been circulated: given we've had five minutes or so to consider it, we won't be supporting it. Senator Whish-Wilson obviously flagged that there may be private senators' bills that deal with this, and I think that that would be more appropriate than, with five minutes notice, looking to set up a new mechanism, as is suggested in that second reading amendment. So, for that reason alone, we won't be supporting the second reading amendment.

I'd like to thank those senators who have contributed to the debate. Schedule 1 to the bill amends the Income Tax Assessment Act to ensure that the hybrid mismatch rules operate as intended and help to ensure the integrity of Australia's income tax laws and their application to multinational enterprises.

Schedule 2 to the bill amends the Taxation Administration Act to allow employers to voluntarily report under the Single Touch Payroll rules information about employer withholding of child support deductions and child support garnishee amounts from salary or wages that are paid to the Child Support Registrar. This measure will streamline the child support reporting process, simplifying reporting and giving employers a greater return on their investment in Single Touch Payroll.

Schedule 3 to the bill amends the Income Tax Assessment Act 1997 to establish a deductible gift recipient general category for men's sheds and women's sheds. This provides sheds with more opportunities to attract public financial support.

Schedule 6 to the bill will allow the ATO to share relevant information relating to the JobKeeper scheme with the Fair Work Commission and the Fair Work Ombudsman. This information will help the Fair Work Commission and the Fair Work Ombudsman to address JobKeeper related compliance issues in relation to obligations under the Fair Work Act 2009. I commend this bill to the Senate.