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Wednesday, 8 June 1994
Page: 1518

Senator COOK (Minister for Industry, Science and Technology and Minister Assisting the Prime Minister for Science) (4.44 p.m.) —I relation to the example Senator Panizza gave in his second question, HECS is based on $30,000.

Senator Panizza —The HECS is based on $30,000?

Senator COOK —Yes, it is. To answer Senator Panizza's first question, people will not be double counted if they earn part of their income as a PAYE taxpayer and part as a provisional taxpayer. Whatever appropriate amount they earn, they will be taxed accordingly in proportion to that so that they will not be double counted and will not be doubled up.