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Thursday, 12 December 1996
Page: 7440


Senator COOK(11.33 p.m.) —We will be supporting the amendments. Normally, we would support the government on this, because it narrows the definition and there is some justification for doing so. However, what the government did tonight was reduce the 150 per cent tax concession to 125 per cent. That is a major blow to research and development in Australia. The very least that can be done to try to even it up a little and be fair is to support this Democrat amendment. We will do that.