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Tuesday, 9 April 1946


Mr CHIFLEY (Macquarie) (Prime Minister and Treasurer) , - by leave - I move -

That the bill be now read a second time.

As explained in connexion with the bill to amend the 'Sales Tax (Exemptions and Classifications) Act, provision is made in that bill for an extension of the exemption of manufacturers' machinery and equipment so as to cover machinery, &c, which is leased by manufacturers in addition to that which is purchased or imported by them. This necessitates a slight consequential amendment of the Sales Tax Assessment Act (No. 9) 1930- 1936, which deals with the imposition of sales tax on leased goods. It will be provided in the regulations that manufacturers who are entitled to freedom from tax in respect of their plant shall quote their certificates of registration when leasing such plant from other persons, just as they already do when purchasing or importing similar plant.

It is necessary to make a consequential amendment of the Sales Tax Assessment Act (No. 9) to ensure that there will be no liability for- tax under that Act when the lessee quotes his certificate in respect of the leasing of the goods. This will conform to the provisions in other Sales Tax Assessment Acts which authorize freedom from tax upon the sale or importation of goods in respect of which the purchaser or importer quotes his certificate. The bill is for this purpose only, and is designed only to effectuate the exemption of machinery, &c, leased by manufacturers. It is proposed that the bill shall be deemed to have commenced on the 13th September, 1945, that is, the date of commencement of the exemption of aids to manufacture in the form of plant and machinery.

Debate (on motion of Mr. Menzies) adjourned.







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