Division
The majority voted against [amendments](https://www.openaustralia.org.au/debates/?id=2023-11-27.38.1) introduced by Warringah MP [Zali Steggall](https://theyvoteforyou.org.au/people/representatives/warringah/zali_steggall) (Independent), which means they failed. ### What do these amendments do? Mr Steggall [explained that](https://www.openaustralia.org.au/debate/?id=2023-11-27.38.2): > *These amendments are important to improve the intent and quality of this legislation. Don't get me wrong; it is a good bill. Two key provisions, nonetheless, require amendment. The instant asset write-off and the energy incentive will no doubt go a long way in assisting small businesses feeling the immense pressure of inflation, interest rates and less consumer spending, amongst other issues. Small businesses are the backbone of the Australian economy. They account for one-third of Australia's GDP and they need targeted support. At the moment small businesses are facing a perfect storm. At home, like all Australians, they are facing cost-of-living price increases and high mortgage rates, but they're also facing reduced revenue in their businesses as consumers spend less but energy prices increase. It's incredibly important that this bill actually achieve its intent by being well targeted. The amendments I am proposing, after consulting with the Manly Business Chamber, the Mosman Chamber of Commerce and the Warringah Chamber of Commerce in my electorate, and the Council of Small Business Organisations Australia—COSBOA—more broadly, give all small businesses certainty and bring forward cash, giving them the opportunity to get more back at tax filing time and allowing them more time to invest and reduce their energy bills.* > > *In relation to the asset write-off, the amendments seek to increase the threshold for the instant asset write-off and the energy incentive bonus, taking the threshold from $20,000 to $50,000 respectively. Respectfully, for businesses to actually have the benefit
House of Representatives, 2023-11-27. negative: ayes 13, noes 54.
Question
The majority voted against [amendments](https://www.openaustralia.org.au/debates/?id=2023-11-27.38.1) introduced by Warringah MP [Zali Steggall](https://theyvoteforyou.org.au/people/representatives/warringah/zali_steggall) (Independent), which means they failed. ### What do these amendments do? Mr Steggall [explained that](https://www.openaustralia.org.au/debate/?id=2023-11-27.38.2): > *These amendments are important to improve the intent and quality of this legislation. Don't get me wrong; it is a good bill. Two key provisions, nonetheless, require amendment. The instant asset write-off and the energy incentive will no doubt go a long way in assisting small businesses feeling the immense pressure of inflation, interest rates and less consumer spending, amongst other issues. Small businesses are the backbone of the Australian economy. They account for one-third of Australia's GDP and they need targeted support. At the moment small businesses are facing a perfect storm. At home, like all Australians, they are facing cost-of-living price increases and high mortgage rates, but they're also facing reduced revenue in their businesses as consumers spend less but energy prices increase. It's incredibly important that this bill actually achieve its intent by being well targeted. The amendments I am proposing, after consulting with the Manly Business Chamber, the Mosman Chamber of Commerce and the Warringah Chamber of Commerce in my electorate, and the Council of Small Business Organisations Australia—COSBOA—more broadly, give all small businesses certainty and bring forward cash, giving them the opportunity to get more back at tax filing time and allowing them more time to invest and reduce their energy bills.* > > *In relation to the asset write-off, the amendments seek to increase the threshold for the instant asset write-off and the energy incentive bonus, taking the threshold from $20,000 to $50,000 respectively. Respectfully, for businesses to actually have the benefit
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.