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Thursday, 1 August 1946


Mr CHIFLEY (MACQUARIE, NEW SOUTH WALES) (Prime Minister) - In the early years of the war, the majority of those who retired from the services were permanent members of the forces. Because of the conditions under which they received the equivalent of deferred pay, some taxation was imposed. In about March, 1 943, the act was amended to make it perfectly clear that in future all deferred pay and interest thereon should be free from taxation. That provision was made to apply to income received from this source during 1942. Deferred pay and interest thereon are not now subject to tax of any kind.







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