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Monday, 1 December 2003
Page: 23299

Mr CREAN (2:32 PM) —My question is to the Prime Minister. Prime Minister, why has the government continued to allow a convicted heroin dealer to claim a $220,000 tax deduction for money lost during a drug deal? Prime Minister, given that Labor first raised this issue in the parliament three years ago, why haven't the Prime Minister and his Treasurer acted to close any possibility of drug dealers claiming this tax deduction?

Mr HOWARD (Prime Minister) —I will have to check, because I do not pretend to know the full answer offhand. My understanding—and I say that in a very conditional way—is that this matter was the subject of some legal process and appeal. But, as to where that stands at the present time and as to where any amendment of the law stands, I will take the question on notice and refer it to my colleague the Treasurer when he arrives, and then will provide some further information.