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Political Tracker

16 May 2024 · 7:04 PM · Division 35

Treasury Laws Amendment (Tax Accountability and Fairness) Bill 2023

Second Reading - Petroleum resource rent tax deductions cap
Official title
Treasury Laws Amendment (Tax Accountability and Fairness) Bill 2023 - Second Reading - Petroleum resource rent tax deductions cap

Ayes in the majority

This says only which side won the vote, because what Aye and No meant here depends on the exact question put in the chamber.

Aye
31
No
25
Not recorded voting
19

“Not recorded voting” is everyone eligible who isn't recorded as Aye or No, for example absent, paired, or presiding.

What was decided

The majority voted in favour of a motion "that schedule 5 stand as printed." In other words, they voted to keep the schedule as it is.

What is schedule 5?

According to the bill digest:

The provisions in Schedule 5 to the Bill amend the Petroleum Resource Rent Tax Assessment Act 1987 (PRRT Act) to place a cap of 90 per cent on the availability of deductible expenditure incurred in relation to a petroleum project for a year of tax, and consequently brings forward tax payable. The amendments are intended to ensure that the offshore LNG industry pays more tax sooner.

Amendment text

(2) Schedule 5, page 32 (line 1) to page 38 (line 23), Schedule 5 to be opposed.

Summary written by They Vote For You contributors. Read it with the debate

Votes by party

Both bars use the same scale: number of members.
Aye
31
No
25
Votes by party as a table
PartyAyeNo
Australian Labor Party180
Liberal Party018
Australian Greens100
National Party03
Australia's Voice10
Country Liberal Party01
Independent10
Liberal National Party01
Senate President10
Pauline Hanson's One Nation Party01
United Australia Party01

How each member voted

Aye · 31

No · 25

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