Division
The majority voted in favour of *disagreeing* with [amendments](https://www.openaustralia.org.au/debate/?id=2023-03-08.176.2) introduced by Hume MP [Angus Taylor](https://theyvoteforyou.org.au/people/representatives/hume/angus_taylor) (Liberal), which means they were rejected. ### What do these amendments do? Mr Taylor [explained that](https://www.openaustralia.org.au/debate/?id=2023-03-08.176.2): > *The coalition is moving these amendments to remove schedule 4 and schedule 5. The coalition support the measures in schedules 1 to 3. We think they are sensible paths forward...* > > *Schedule 4 amends the Income Tax Assessment Act to limit the ability of listed companies to offer franking credits on off-market share buybacks, raising $200 million a year in tax clawbacks, particularly from older Australians. Schedule 5 amends the Income Tax Assessment Act to limit the ability of listed companies to offer franking credits on capital, raising $50 million over five years. These two measures will limit the ability of companies to offer franking credits to shareholders.* ### Amendment text > *(1) Clause 2, page 2 (table item 6), omit the table item.* > > *(2) Schedules 4 and 5, page 34 (line 1) to page 44 (line 12), omit the Schedules.*
House of Representatives, 2023-03-09. affirmative: ayes 82, noes 57.
Question
The majority voted in favour of *disagreeing* with [amendments](https://www.openaustralia.org.au/debate/?id=2023-03-08.176.2) introduced by Hume MP [Angus Taylor](https://theyvoteforyou.org.au/people/representatives/hume/angus_taylor) (Liberal), which means they were rejected. ### What do these amendments do? Mr Taylor [explained that](https://www.openaustralia.org.au/debate/?id=2023-03-08.176.2): > *The coalition is moving these amendments to remove schedule 4 and schedule 5. The coalition support the measures in schedules 1 to 3. We think they are sensible paths forward...* > > *Schedule 4 amends the Income Tax Assessment Act to limit the ability of listed companies to offer franking credits on off-market share buybacks, raising $200 million a year in tax clawbacks, particularly from older Australians. Schedule 5 amends the Income Tax Assessment Act to limit the ability of listed companies to offer franking credits on capital, raising $50 million over five years. These two measures will limit the ability of companies to offer franking credits to shareholders.* ### Amendment text > *(1) Clause 2, page 2 (table item 6), omit the table item.* > > *(2) Schedules 4 and 5, page 34 (line 1) to page 44 (line 12), omit the Schedules.*
How each member voted
Per-member votes are not present in this static export. Consult the original division record.
Related bills
Only formal divisions leave a per-member record. A procedural vote is not necessarily a vote for or against a bill.