Save Search

Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download Current HansardDownload Current Hansard    View Or Save XMLView/Save XML

Previous Fragment    Next Fragment
Thursday, 21 March 2002
Page: 1294


Senator MURPHY (4:47 PM) —I assume you have got this briefing note or that somebody on your side has. Has somebody got the briefing note that I have been given?


Senator Ian Macdonald —Yes.


Senator MURPHY —Under the third dot point, the second subpoint, where it talks about the $567 million, the note says:

However, investors within the industry are already receiving a taxation deduction for the funds which they invest. It is only those additional investors attracted to the industry who may receive a higher rate of deductions than they were previously and who need to be incorporated into the costing.

What does that mean in terms of this?