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Tuesday, 22 February 1977
Page: 260

Mr YOUNG (PORT ADELAIDE, SOUTH AUSTRALIA) -I ask the Treasurer: Would it be possible for companies purchasing plant or equipment, and thus attracting the investment allowance, then to send that plant and equipment overseas or off-shore in order to set up their industries there? Is he aware that that practice is being carried out? Has he taken steps to see that it is prevented so that Australian taxpayers' money is not used to set up industries off-shore?

Mr LYNCH -I appreciate the point which the honourable gentleman has raised and I recognise the responsibility with which he has posed that question. I will check the facts of the matter with e Commissioner of Taxation and see what steps can be taken. I will provide the honourable gentleman with an answer in writing.

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