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Wednesday, 16 February 1977

To the Honourable the Speaker and Members of the House of Representatives in Parliament assembled. We, the undersigned citizens of the Commonwealth of Australia by this humble petition respectfully showeth:

1.   That the proposal to exclude all persons from the benefit of tax deductibility for mortgage interest rates other than first home buyers in their first five years of home purchase is a repudiation of the Government's election undertaking to maintain the scheme.

2.   That the effect of the proposal will cause hardship to many current beneficiaries of the scheme, in that existing benefits will terminate, thus putting housing loan repayments beyond reach.

Your petitioners therefore humbly pray:

(a)   that the Government reconsider its decision to drastically curtail the scheme;

(b)   that the principles applying to the scheme as introduced by the Labor Government be maintained; and

(c)   that benefits be upgraded by indexation to take account of the effects of inflation.

And your petitioners as in duty bound will ever pray, by Mr Les Johnson.

Petition received.







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