Terms of Reference

On 26 March 2018 the following matter was referred to the Economics References Committee for inquiry and report by 7 May 2018.

 

The ‘Commitment to the Senate’ (the Commitment) issued by the Business Council of Australia (BCA) on 21 March 2018, and commitments to stronger wages and employment, with particular reference to:

 

    (a)   annually measurable benchmarks, for the period of the proposed Enterprise Tax Plan, for the companies that
            have co-signed the Commitment and other senior members of the BCA membership, including:

             (i)   company wage growth estimates,

             (ii)   employment estimates, and

             (iii)   schedules of investment by state and territory;

    and in each case how they vary if the Treasury Laws Amendment (Enterprise Tax Plan No. 2) Bill 2017 is enacted, or there
    is no change to the existing tax law;

    (b)   corporate tax data for the companies that have co-signed the Commitment, and other senior members of 
            the BCA membership, including:

             (i)   the total tax paid over the past five years, and

             (ii)   the expected tax benefit from the Enterprise Tax Plan; and

    (c)   other related matters.

Committee Secretariat contact:

Senate Standing Committees on Economics
PO Box 6100
Parliament House
Canberra ACT 2600

Phone: +61 2 6277 3540
Fax: +61 2 6277 5719
economics.sen@aph.gov.au