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Thursday, 19 August 1920

Mr CHARLTON (HUNTER, NEW SOUTH WALES) - Has the Treasurer come to a decision about increasing the exemption under the Income Tax Act,so that it may be put into operation in connexion with future assessments?

Sir JOSEPH COOK (PARRAMATTA, NEW SOUTH WALES) (Treasurer) - I am afraid that my answer must be that the exigencies of receipt and expenditure at the moment hold out little hope of large exemptions in the matter of taxation.

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