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Wednesday, 16 December 1914


Senator MILLEN (New South Wales) . - Then it comes back to this: that it is proposed to charge smaller beneficiaries only a portion of their liability, and. the balance of that liability is to be transferred to the shoulders of other people ?


Senator Pearce - That is so.


Senator MILLEN - Then I must ask the Committee whether we ought to agree to this clause. I will take the illustration given, by Senator O'Keefe, and alter it slightly. Let us suppose that there are ten beneficiaries who each receive £200 out of an estate. They will all have a share of their liability passed on to somebody else if there are ten other beneficiaries in the estate who receive £400 each. The latter will have a portion of the liability of the former thrust upon them.


Senator Pearce - An extremely small portion.


Senator MILLEN - It will not be an extremely small portion in a case such as I have cited.


Senator Pearce - It might amount to something if the estate were valued at £4,000.


Senator MILLEN - Let us take the case of an estate which is worth £2,400, and in which ten beneficiaries receive £200 each, and one beneficiary £400.


Senator Pearce - The total tax would be only £28.


Senator MILLEN - Whatever the amount of tax, the man who gets £400 should not be called upon to pay any portion of the duty which ought to be chargeable to the ten beneficiaries who receive £200 each. As the clause reads now, the small bequests may represent the major portion of the estate by reason of their multiplicity. It would be best to let paragraph a stand and remove paragraph b.







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