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Wednesday, 31 October 1956

Mr Bryant t asked the Treasurer, upon notice: -

1.   Has his attention been drawn to writs issued by a director and a reporter of a Sydney newspaper against a director of another Sydney newspaper and the associated company, and to the counter writs issued by the latter director and his company against the former director and his company?

2.   Will all the expenses of all the parties to this litigation be regarded as allowable deductions for taxation purposes, irrespective of who wins or loses when the matters come to court?

Sir Arthur Fadden - The answers to the honorable member's questions are as follows: -

1.   Yes.

2.   Any claims that may be made for the allowance of the expenses as income tax deductions would be determined by the taxation authorities. Observance of section 16 of the Income Tax and Social Services Contribution Assessment Act requires that the Commissioner of Taxation and his officers shall maintain secrecy concerning the affairs of taxpayers and, in these circumstances, a decision on any claim for deduction of the expenses of litigation would not be disclosed, except to the taxpayer concerned.

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