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Tuesday, 25 November 1941


Mr JOLLY (Lilley) .- The Minister assisting the Treasurer (Mr. Lazzarini) gave an assurance last week that taxation of the proceeds of the sale of capital assets would not be retrospective. I should like to know whether this amendment covers the point.


Mr Lazzarini - It covers that point and, I think, all similar points. In any case, the Government is prepared if necessary, to add a clause to put the matter beyond doubt.

Clause, as amended, agreed to.

Clause 7 -

Section forty-rive of the principal act is repealed.







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