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Thursday, 21 May 1936


Senator LECKIE (Victoria) . - Companies which are held responsible for the payment of tax on interest on debentures held by absentees suffer an injustice if they cannot recover payment from such absentees. To protect them it has been suggested that sub-clause 3 of rlau.se 125 should be repeated in this clause.


Senator A J McLACHLAN (SOUTH AUSTRALIA) - We are providing for the position of companies later, and if that provision is not satisfactory, I shall agree to recommit this clause.

Clause agreed to.

Clauses 219 to 252 agreed to.

Clause 253. (Deduction of special property tax from preference shareholders.)







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