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Tuesday, 11 September 1973
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Mr BOURCHIER (BENDIGO, VICTORIA) - My question is directed to the Treasurer. I refer to the written promise by the present Prime Minister as given to the Australian Federation of Credit Unions in a letter dated 24 October 1972 which stated that a Labor government would (1) grant exemption from taxation on credit union incomes and (2) allow child endowment, social service and repatriation payments to be credited to the savings accounts of members of credit unions. In view of this statement, is the Treasurer prepared to explain why this promise was not carried out in the recent Budget? Further, is this promise ever to be honoured or is it another Labor Party promise to be dishonoured totally?

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