Senate debates

Wednesday, 27 March 2024

Bills

Treasury Laws Amendment (Making Multinationals Pay Their Fair Share — Integrity and Transparency) Bill 2023; Second Reading

4:48 pm

Photo of Sue LinesSue Lines (President) Share this | Hansard source

I will now deal with the amendments circulated by the opposition. The question is that the amendments on sheet 2248 be agreed to.

Opposition's circulated amendments—

(1) Clause 2, page 2 (at the end of the table), add:

(2) Schedule 2, item 144, page 63 (line 4), omit "2023", substitute "2024".

(3) Schedule 2, item 144, page 63 (line 8), omit "2023", substitute "2024".

(4) Page 63 (after line 17), at the end of the Bill, add:

Schedule 3 — Consultation

1 Consultation

(1) Before 1 July 2024, the Treasurer must ensure that:

(a) consultation on the amendments made by Schedule 2 to this Act is undertaken:

(i) for a period of at least 3 months; and

(ii) with such industry participants as the Treasurer considers appropriate; and

(b) a report is prepared on the consultation.

(2) As soon as practicable after the completion of the report referred to in paragraph (1)(b), the persons who prepared the report must give it to the Treasurer.

(3) The Treasurer must cause a copy of the report to be tabled in each House of the Parliament within 15 sitting days of that House after the report is given to the Treasurer.

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