Bill
Treasury Laws Amendment (Enterprise Tax Plan No. 2) Bill 2017
lapsed, as at 2018-08-22. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
- second reading — 2017-09-13
- second reading — 2017-09-14
- other — 2017-10-18
- second reading — 2017-10-19
- second reading — 2018-02-07
- other — 2018-02-08
- second reading — 2018-02-08
- second reading — 2018-02-08
- third reading — 2018-02-08
- introduced — 2018-02-12
- second reading — 2018-02-12
- second reading — 2018-03-21
- second reading — 2018-03-22
- second reading — 2018-03-26
- second reading — 2018-08-20
- second reading — 2018-08-21
- second reading — 2018-08-21
- committee — 2018-08-21
- committee — 2018-08-22
- committee — 2018-08-22
Divisions
- The majority voted against a [motion](http://www.openaustralia.org.au/debates/?id=2017-05-11.6.2) that would have delayed debate on this bill until 19 August 2019. The motion had been introduced by Labor MP [Tony Burke](https://theyvoteforyou.org.au/people/representatives/watson/tony_burke) because > *it is the view of the opposition that the next stage of these tax cuts are not affordable. The budget has made that clear. Therefore, it should be considered at a later date, rather than at the next sitting.* ### About the bill The purpose of the [bill](http://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/r5867) is to: > *progressively extend the lower 27.5 per cent corporate tax rate to all corporate tax entities by the 2023-24 financial year; and further reduce the corporate tax rate in stages so that by the 2026 27 financial year, the corporate tax rate for all entities will be 25 per cent* — 2017-05-11, House of Representatives: negative, ayes 66, noes 76
- Treasury Laws Amendment (Enterprise Tax Plan No. 2) Bill 2017 - Second Reading - Don't read for a second time — 2018-02-08, House of Representatives: negative, ayes 71, noes 77
- Treasury Laws Amendment (Enterprise Tax Plan No. 2) Bill 2017 - Second Reading - Agree with the bill's main idea — 2018-02-08, House of Representatives: affirmative, ayes 76, noes 71
- Treasury Laws Amendment (Enterprise Tax Plan No. 2) Bill 2017 - Third Reading - Suspend standing orders — 2018-02-08, House of Representatives: affirmative, ayes 76, noes 71
- Treasury Laws Amendment (Enterprise Tax Plan No. 2) Bill 2017 - Third Reading - Put the question — 2018-02-08, House of Representatives: affirmative, ayes 76, noes 71
- Treasury Laws Amendment (Enterprise Tax Plan No. 2) Bill 2017 - Third Reading - Pass the bill — 2018-02-08, House of Representatives: affirmative, ayes 76, noes 71
- Treasury Laws Amendment (Enterprise Tax Plan No. 2) Bill 2017 - Second Reading - Agree with the bill's main idea — 2018-08-21, Senate: affirmative, ayes 35, noes 34
- The majority voted against [amendments](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/display.w3p;query=Id%3A%22legislation%2Famend%2Fr5867_amend_0166d8d6-6259-4564-9cf4-3367aa3dd5a6%22;rec=0) moved by West Australian Senator [Mathias Cormann](https://theyvoteforyou.org.au/people/senate/wa/mathias_cormann) (Liberal), which means they failed. The [purpose](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/display.w3p;query=Id%3A%22legislation%2Fems%2Fr5867_ems_a3380d2d-f5e1-4563-a4d6-219ab5f67932%22;rec=0) of the amendments was to ensure that the corporate tax rate for large authorised deposit-taking institutions' (ADIs) will continue at 30%. — 2018-08-22, Senate: negative, ayes 34, noes 38
- Treasury Laws Amendment (Enterprise Tax Plan No. 2) Bill 2017 - in Committee - Keep bill unchanged — 2018-08-22, Senate: negative, ayes 30, noes 36
- The majority voted in favour of [reporting the bill](https://peo.gov.au/understand-our-parliament/how-parliament-works/bills-and-laws/making-a-law-in-the-australian-parliament/). In light of the [previous vote](https://theyvoteforyou.org.au/divisions/senate/2018-08-22/2), the bill is in an unusual situation meaning that after this vote it will effectively fail. An [interaction](https://www.openaustralia.org.au/senate/?gid=2018-08-22.16.3) between South Australian Senator [Penny Wong](https://theyvoteforyou.org.au/people/senate/sa/penny_wong) (Labor) and the Chair explains. Senator Wong: > *The Senate has just voted against a motion that the bill stand as printed. Given that was somewhat unusual, although I think it has occurred before, it might be useful for the chair to advise the Senate what the status of the next vote signifies so senators can be clear what they're voting on and whether there will, in fact, be a third reading.* The Chair: > *Thank you, Senator Wong. The next part that we would vote on is that the bill be reported. We do need to report out of committee that the bill standing as printed has been rejected. That would then mean that, subsequently, there would be no third reading. So I'm going to put that. The question is that the bill be reported.* ### What is the bill's main idea? The purpose of [the bill](http://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/r5867) is to: > *progressively extend the lower 27.5 per cent corporate tax rate to all corporate tax entities by the 2023-24 financial year; and further reduce the corporate tax rate in stages so that by the 2026 27 financial year, the corporate tax rate for all entities will be 25 per cent* Read more in the [bills digest](https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd1718a/18bd022). — 2018-08-22, Senate: affirmative, ayes 36, noes 30
Plain-language summary
No machine-written summary in this export.
Sources
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