Senate Economics Legislation Committee, , 9:26:12 to 9:27:29
Discussion concludes on the estimated revenue from the agricultural sector and the costs for businesses to restructure, followed by the adjournment of the Revenue Group session.
Topics: Government spending, Agricultural productivity
Speakers: Senator Lisa Darmanin, Jill Kitto, Hon Jane Hume, Senator Jacinta Nampijinpa Price, Unknown Speaker
Do you have an estimate of how much it will cost those 37,000 businesses to restructure?
Um as the evidence was given earlier, we don't have that breakdown by sector. So we're not going to be able to do that.
There were a number of questions back and forth on from a few different senators around costs. So there was quite an extensive discussion, my suggestion would be checking the transitions.
No.
Last one, how much of the 4.5 billion a year in revenue from this tax will come from farms?
Senator, as we've discussed before, the costings haven't been done on a sector by sector basis. Thank you very much. We will suspend now for a dinner break. Uh we will come back at 10 past seven, and uh we have finished questions for revenue groups. So when we come back, we will start with the remainder of the programme, which is the ATO, ACNC and Commissioner of Taxation, TPB and yeah. So revenue is finished.