Division
The majority voted against an [amendment](https://www.openaustralia.org.au/debates/?id=2024-05-16.158.2) to the usual second reading motion, which is "*that the bill be read a second time*" (parliamentary jargon for agreeing with the main idea of the bill). ### Amendment text > *That all words after "That" be omitted with a view to substituting the following words: "the House:* > > *(1) notes that the inclusion of unrealised capital gains in the measurement of earnings will:* > >> *(a) add further complexity, red tape, and costs to the superannuation legislative framework;* >> >> *(b) lead to unintended consequences that contradict the stated objective of the bill;* >> >> *(c) impact small business owners and farmers who hold land and business premises in self-managed super funds;* >> >> *(d) risk substantial liquidity stress and financial stress for members of self-managed super funds;* >> >> *(e) constitute a significant departure from the long-established principles of our tax system; and* > > *(2) calls on the Government to replace the current measurement of earnings with a simplified measurement that reduces uncertainty and the severity of including unrealised capital gains, such as using a deemed rate of return (adjusted for unrealised gains) as a proxy for earnings".*
House of Representatives, 2024-05-16. negative: ayes 10, noes 55.
Question
The majority voted against an [amendment](https://www.openaustralia.org.au/debates/?id=2024-05-16.158.2) to the usual second reading motion, which is "*that the bill be read a second time*" (parliamentary jargon for agreeing with the main idea of the bill). ### Amendment text > *That all words after "That" be omitted with a view to substituting the following words: "the House:* > > *(1) notes that the inclusion of unrealised capital gains in the measurement of earnings will:* > >> *(a) add further complexity, red tape, and costs to the superannuation legislative framework;* >> >> *(b) lead to unintended consequences that contradict the stated objective of the bill;* >> >> *(c) impact small business owners and farmers who hold land and business premises in self-managed super funds;* >> >> *(d) risk substantial liquidity stress and financial stress for members of self-managed super funds;* >> >> *(e) constitute a significant departure from the long-established principles of our tax system; and* > > *(2) calls on the Government to replace the current measurement of earnings with a simplified measurement that reduces uncertainty and the severity of including unrealised capital gains, such as using a deemed rate of return (adjusted for unrealised gains) as a proxy for earnings".*
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.