Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Bill (No 2) - Amendment paper No 321
Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Bill (No 2) - Amendment paper No 321
No 321
House of Representatives
Supplementary Order Paper
Tuesday, 14 March 2023
Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Bill (No 2)
Proposed amendments
Brooke van Velden, in Committee, to move the following amendments:
Clause 98
In clause 98, delete subclause (3) (page 56, line 37 to page 57, line 25).
In clause 98, after subclause (17B) (page 60, after line 25), insert:
(17C)
In the definition of residential rental property, after “residential land expenditure)”
, insert “and schedule 15 (Excepted residential land)”
.
Clause 100
In clause 100, replace new item 11 (page 62, after line 15) with:
| 11. | Residential rental property, as defined in section YA 1. |
Clause 183
In clause 183, delete subclause (2B) (page 110, line 25 to page 111, line 12).
Clauses 195 to 198
Delete the cross-heading above clause 195 and clauses 195 to 198 (page 116, line 23 to page 117, line 13).
Explanatory note
This Supplementary Order Paper amends the Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Bill (No 2). The Government is seeking to exempt interest deductibility limitations for larger developers. It should keep going and axe them for the benefit of the renters, who bear the cost. This Supplementary Order Paper would exempt all residential rental properties from interest deductibility limitations, not just build-to-rent residential properties.