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Thursday, 10 September 1942

Mr HOLT (FAWKNER, VICTORIA) - I direct the Treasurer's attention to a problem that has arisen following the decision of the Government with regard to rents. Many property owners are now receiving higher municipal valuations, although the returns they can secure from their properties are fixed by Government regulation. The effect of this is not only to create an added burden on them, but also to deprive the Commonwealth Treasury of revenue, as their payments of rates are a deductible expense in connexion with their properties. Have representations been made to the Treasurer in this matter, and has he any action in mind to meet the position ?

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