House of Representatives

Income Tax Rates Amendment (Superannuation) Bill 2007

Second Reading Speech

Mr Dutton (Minister for Revenue and Assistant Treasurer)

I move:

That this bill be now read a second time.

This bill is a companion bill to the Superannuation Legislation Amendment (Simplification) Bill 2007 and a related bill to the Tax Laws Amendment (Simplified Superannuation) Bill 2006. The purpose of the bill is to make consequential amendments to the Income Tax Rates Act 1986 necessary due to the simplified superannuation reforms. Full details of this bill are contained in the explanatory memorandum already presented.

Debate (on motion by Mr Crean) adjourned.