Senator COONAN (Minister for Revenue and Assistant Treasurer) (6:29 PM) —It is of course important, as I said in my remarks in relation to this amendment, that the 56 per cent tax rate excludes the surcharge—as I am sure Senator Sherry, if he has the expertise professed, would know. It only includes contributions tax and ETP and they, of course, were both Labor taxes. It is a shame that Labor did not fix that up.

The TEMPORARY CHAIRMAN (Senator Chapman)—The question is that schedule 6 stand as printed.

Question agreed to.

Sitting suspended from 6.30 p.m. to 7.30 p.m.