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Tuesday, 9 October 1984
Page: 1466

Senator JACK EVANS(4.16) —As regards the substance of the amendment and the clause, the Australian Democrats place on record the fact that we applaud the Government. We believe that this is a constructive step in the tax system as applied to corporate bodies. In itself, it will take away the current inducement to avoid taxes through a whole lot of manipulations which should be unnecessary and which the change will render unnecessary. I commend the Government and the Commissioner of Taxation for his advice. This is a very progressive step.

Amendment negatived.

Clause agreed to.

Remainder of Bill-by leave-taken as a whole.