House of Representatives

Second Reading Speech

BY THE TREASURER THE HON PETER COSTELLO MP

I move that the Bill now be read a second time.

This bill will impose luxury car tax, to the extent that it is neither a duty of excise nor a duty of customs, at the rate of 25 per cent.

Full details of the measures in the bill are contained in the explanatory memorandum circulated to honourable members.

I present the explanatory memorandum, and I commend the bill to the House.