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Wednesday, 3 June 1942

Senator LAMP - If the surplus purchasing power were placed in a nationally controlled bank, and in that bank alone, it could be used over and over again by the Government. If that were done the need for floating loans would be eliminated.

On behalf of returned soldiers generally, I urge the Government to incorporate in these proposals a concession now given in Tasmania to returned soldiers who are totally and permanently incapacitated. The Tasmanian law provides that an unmarried returned soldier, totally and permanently incapacitated, is not liable to tax unless his income exceeds ?400, and, in the case of a married returned soldier, unless his income exceeds ?500. There is a general provision under which married returned soldiers are entitled to an allowance of 10 per cent, of their tax if their income does not exceed ?500, and of 5 per cent, of the tax in the case of each unmarried returned soldier whose income does not exceed ?400. It would be a fine gesture on the part of the Commonwealth Government to apply that provision in respect of all totally and permanently incapacitated returned soldiers. I earnestly hope that these proposals will be adopted.

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