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Thursday, 19 February 1987
Page: 313

Debate resumed from 18 February, on motion by Mr Hurford:

That the Bill be now read a second time.

upon which Mr Carlton had moved by way of amendment:

That all words after `That' be omitted with a view to substituting the following words: `whilst not declining to give the Bill a second reading, the House-

(1) expresses its concern over the excessive delay in the introduction of the legislation, relating as it does to measures announced as long ago as 19 September 1985;

(2) deplores the creation of uncertainty and confusion among taxpayers and in the business community due to the failure of the Government to present these and other measures to the Parliament within a reasonable time after their announcement, and

(3) condemns the Government for imposing an excessive tax burden on business, thus inhibiting new investment in productive enterprises'.

Madam SPEAKER —Before the debate is resumed on this Bill, I remind the House that it has been agreed that a general debate be allowed covering this Bill and the Income Tax Amendment Bill 1986.