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Wednesday, 27 May 1942

Mr CHIFLEY (Macquarie) (Treasurer) . - by leave - In the schedule to the States' Grants (Income Tax Reimbursement) Bill, the compensation which it is proposed should be paid to Tasmania is set down at £811,000, which represents the sum of £823,000 recommended by the Committee on Uniform Income Tax, less a saving of £12,000 in cost of collection. The Government of Tasmania has submitted that the amount of compensation payable to it should be increased. This case was considered by the Commonwealth Grants Commission.

I lay upon the table the following paper : -

Financial Assistance to Tasmania - Report of the Commonwealth Grants Commission upon the application submitted by the Government of Tasmania for increased financial assistance under the uniform taxation proposals.

In this report, it is recommended that the compensation payable should be increased from £823,000 to £900,000. This means that, after deducting the saving of £12,000 in cost of collection, the amount of compensation payable for Tasmania will be increased from £811,000 to £888,000.

With regard to the compensation to be provided for Western Australia, the Government of that State has represented that the deduction of £53,000 for saving in cost is excessive. Upon reexamination, it is found that it would be equitable to assess the saving which Western Australia could achieve at £30,000. In the circumstances, it is proposed to increase the amount of grant for Western Australia from £2,523,000 to £2,546,000.

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