16th May 2024, 6:55 PM – Senate Treasury Laws Amendment (Tax Accountability and Fairness) Bill 2023 - Second Reading - Future Gas Strategy

The majority voted against an amendment 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

At the end of the motion, add ", but the Senate:

(a) notes that:

(i) the Treasurer has failed to engage in negotiations with the Opposition on sensible proposals to support investment in the gas industry, which is the revenue base for this tax,

(ii) the Government still cannot answer simple questions about this tax, including whether it is new or a bring forward of revenue, its impact on investment in the industry, and its impact on energy prices, despite having had more than six months to do so, and

(iii) that the cynical and absurd stapling of changes to the Petroleum Resource Rent Tax to measures with cross-party support responding to the PwC and Tax Practitioners Board issue demonstrates the lack of seriousness from the Government towards this legislation; and

(b) calls on the Government to support the Opposition's proposals to acknowledge its own Future Gas Strategy and support the future of the gas industry".