Parliamentary

Mr TONY SMITH (Casey) (15:30): On behalf of the opposition, it is my pleasure to indicate our support for this bill. It is, as members would be aware, a bill that comes before the parliament after each budget each year. As the Assistant Treasurer pointed out in his introductory remarks the day after the budget, it is important to amend the Medicare Levy Act to increase the Medicare levy low-income thresholds in line with the consumer price index. Otherwise, as he pointed out, it would be the case that those who were exempt from the Medicare levy in the previous income year without that adjustment—without that increase in line with inflation—would not continue to remain exempt. As the Assistant Treasurer is probably also aware, he and I have discussed this legislation most years when it has come in, and so when people look back at the record of the parliament…
Mr TONY SMITH (Casey) (15:35): I rise to speak, on behalf of the shadow Treasurer, on the Tax and Superannuation Laws Amendment (2013 Measures No. 2) Bill 2013. This tax law amendment bill has eight schedules. Some of those schedules the coalition supports. Some of those schedules we will not be opposing. As a consequence, I say at the outset that the coalition will not be opposing the passage of this tax law amendment bill. On behalf of the shadow Treasurer, I will run through the relevant schedules, six of which relate to tax and two of which relate to superannuation. Schedule 1 deals with the definition of 'documentary' for film tax offset purposes. The schedule amends the Income Tax Assessment Act 1997 to define 'documentary' in accordance with the Australian Communications and Media Authority guidelines and to restore its intended meaning. 'Documentary' in tax law, for film tax offset…
Mr TONY SMITH (Casey) (16:38): I rise on behalf of the shadow Treasurer and the coalition to speak on this Corporations and Financial Sector Legislation Amendment Bill 2013. Let me say at the outset that the coalition will not be opposing this bill. As was made clear in the introductory speech and in the explanatory memorandum it deals with a number of issues that largely flow from the global financial crisis, where the G20 endorsed a global transition of over-the-counter derivatives and products that are currently traded through bilateral agreements towards recognised exchanges or trading platforms, where appropriate, in order to boost market transparency. The G20 also agreed that certain trading activities should be cleared through a central counter-party to reduce systemic risk and should be reported to trade repositories in order to enhance market information. The key measures are intended to: assist central counterparties (CCPs) in managing defaults of…
I’d like to start by thanking Mobby and Peter for their kind words, and Richard for his stellar performance (so far) as Master of Ceremonies (MC). And to everyone here, thank you so much for coming. To my family; to the Liberal Party family; to my friends from our local community and friends from beyond I am grateful. To Pam, thanks for your unfailing, unflagging and unconditional support through every step of the last 10 years. Serving as a Member of Parliament requires a great commitment of time, focus and energy. But we’re volunteers, not conscripts. And our choice of service includes our unelected partners. The fact that Pam has willingly embraced this choice is an indication - not just of her support for me - but also her belief in the ideals of our party, the values of our community and the virtues of our country. Largely in my…
TONY SMITH (Casey) (6.50 pm)—I rise to speak on the Tax Laws Amendment (Confidentiality of Taxpayer Information) Bill 2010. As members of the House would be aware, this bill was introduced in the first week of sittings. TheTax Laws Amendment (Confidentiality of Taxpayer Information) Bill 2009 collapsed prior to the election. It was introduced in November 2009 by the now Minister for Trade, the member for Rankin, then asMinister for Small Business, Independent Contractors and the Service Economy and Minister Assisting the Minister for Finance and Deregulation. The 2009 bill followed, as the Assistant Treasurer pointed out in his introductory speech, a long period of consultation which really began some years earlier.
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