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Tuesday, 29 September 1942

Mr CHIFLEY (Macquarie) (Treasurer) . - A list of explanations has already been circulated to honorable members.

Mr Harrison - And they are very lucid. I appreciate that.

Mr CHIFLEY - We have gone to a great deal of trouble to inform honorable members of the Government's proposals in this measure. The proposed amendment is designed to express more clearly the intention of the Government to exempt from income tax any dividends paid wholly or exclusively out of the amount of income exempted under the proposed new section 23a. It does not alter the purpose of the original clause.

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