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Wednesday, 20 May 1942


Mr PROWSE (FORREST, WESTERN AUSTRALIA) - A man takes out a whole-life insurance policy to make provision for his family in the event of his death. If I understand this measure correctly, the money received upon such an insurance policy is to be added to the deceased person's estate, and a big " wad '' taken out of it in the form of estate duty. If that is not the meaning, perhaps the Treasurer (Mr. Chifley) will explain what is intended.


Mr CHIFLEY (MACQUARIE, NEW SOUTH WALES) -r.iFi.ey. - This represents the combined wisdom of the special committee on taxation.







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