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Wednesday, 23 March 1994
Page: 2080

Senator WATSON (4.02 p.m.) —The draft taxation ruling that Senator Harradine was referring to was TR94/D8 concerning child maintenance trusts. It has been suggested in relation to the draft ruling that perhaps the law may need some amendment. Adding to clause 40 is the basis for Senator Harradine's proposed amendment. My understanding of what he is seeking to achieve is that the underlying intention of division 6AA, which was always quite clear, could really be achieved. I believe that the announcement by the Treasurer was designed to make the necessary amendments. Perhaps he is seeking some sort of an assurance from the government. What stage are we at in relation to the issues raised by him? I think proceeding with his particular amendment is worthy of some assurance or comment.