Members are, no doubt, aware that provisional tax is paid in instalments during the year instead of a lump sum at the end of the year. This is paid by taxpayers who have a tax liability of more than $2,500 to pay in the prior year. We can relieve some of the cash-flow pressure and compliance costs for around 95,000 small taxpayers by allowing them to defer their tax payments. They would still be expected to pay income tax but would instead do so in one payment set in February following the end of the income year. The bill proposes to do this by increasing the threshold for provisional tax from $2,500 to $5,000. This, too, is intended as a permanent change, and will have effect from the 2020-21 and later income years.