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30 Jun 08 2008 Measures No 1 refused a third reading in the Senate

On 26 June 2008, Tax Laws Amendment (2008 Measures No 1) Bill 2008 was refused a third reading in the Senate. The background to the refusal is as follows.

On 24 June 2008, the Senate had agreed to the omission of all schedules to the Bill other than the schedule containing amendments regarding deductibility of contributions to political parties. One of the omitted schedules contained amendments regarding deductibility for expenditure on carbon sink forests. These latter amendments had earlier been inserted in Tax Laws Amendment (2008 Measures No. 2) Bill 2008 and passed by the Senate. The Bill is now law, having received Royal Assent on 24 June 2008. After the passage of Tax Laws Amendment (2008 Measures No. 2) Bill 2008, certain Senators expressed reservations about the way in which the changes regarding deductibility for expenditure on carbon sink forests operated, and ultimately a majority of Senators refused to give Tax Laws Amendment (2008 Measures No 1) Bill 2008 a third reading.

If the Government now wishes to pass its changes regarding deductibility of contributions to political parties, it will either have to resubmit the Bill to the Senate, or insert the provisions in a new Bill for reintroduction into the House of Representatives.

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