Senate debates

Monday, 26 February 2024

Bills

Treasury Laws Amendment (Cost of Living Tax Cuts) Bill 2024, Treasury Laws Amendment (Cost of Living — Medicare Levy) Bill 2024; First Reading

10:49 am

Photo of Jenny McAllisterJenny McAllister (NSW, Australian Labor Party, Assistant Minister for Climate Change and Energy) Share this | Hansard source

I move:

That these bills may proceed without formalities, may be taken together and be now read a first time.

Question agreed to.

Bills read a first time.

by leave—I move:

That the provisions of paragraphs (5) to (8) of standing order 111 not apply to these bills, allowing them to be considered during this period of sittings.

I table a statement of reasons justifying the need for these bills to be considered during these sittings and seek leave to have the statement incorporated into Hansard.

Leave granted.

The statement read as follows—

STATEMENT OF REASONS FOR INTRODUCTION AND PASSAGE IN THE 2024 AUTUMN SITTINGS

TREASURY LAWS AMENDMENT (COST OF LIVING TAX CUTS) BILL 2024

TREASURY LAWS AMENDMENT (COST OF LIVING—MEDICARE LEVY) BILL 2024

Purpose of the Bills

The Bills:

      Reasons for Urgency

      The Bills require urgent consideration and passage to allow sufficient time for the Australian Taxation Office to update systems, develop and register withholding schedule instruments, and work with digital service providers to flow through changes to business payroll software, ahead of 1 July 2024.

      Question agreed to.

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