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Wednesday, 20 May 1936

Senator LECKIE (Victoria) .- The provisions in clause 66 to which the Minister has directed my attention do not alter the position. I am referring to the position of taxpayers who have shown an absolute loss, and have not been able to make contributions to a superannuation fund ; but who, in the following year, have made a profit, out of which they have paid a double contribution. There should be some elasticity about the provisions in order to allow a taxpayer to recover in respect of actual losses sustained.

Amendment (by Senator E. B. Johnston) proposed -

That, at the beginning of paragraph (d), tlie words "Application and allotment moneys and" bc inserted.

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