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Tuesday, 21 March 1961


Mr HAROLD HOLT (Higgins) (Treasurer) . - I move -

1.   That, as from and including the twenty-second day of February, One thousand nine hundred and sixty-one, the rate of sales tax in respect of goods covered by the Fifth Schedule to the Sales Tax (Exemptions and Classifications) Act be 30 per centum.

2.   That, for the purposes of this resolution, " the Sales Tax (Exemptions and Classifications) Act " mean the Sales Tax (Exemptions and Classifications) Act 1935-1960, as proposed to be amended by the Sales Tax (Exemptions and Classifications) Bill 1961.

This resolution, and the bills which are to follow, are machinery measures required solely to give effect to the proposals to reduce the tax on motor cars from 40 per cent. to 30 per cent. and the tax on motor cycles and motor scooters from 25 per cent. to 162/3 per cent. The Government's proposals have already been explained in connexion with the complementary Sales Tax (Exemptions and Classifications) Bill which has just been introduced. The effect of all these measures, taken in conjunction, is to reduce, on and from 22nd February, 1961, the tax on motor cars from 40 per cent. to 30 per cent., and the tax on motor cycles and motor scooters from 25 per cent. to 1 62/3 per cent.

Progress reported.







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