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Tuesday, 23 May 1972
Page: 1945


Senator WILLESEE asked the Minister representing the Treasurer, upon notice:

What is the estimated loss to Commonwealth revenue, in a full year, resulting from the variation of the operation of section 26 (a) of the Income Tax Assessment Act announced by the Treasurer in his statement of 11th April 1972.

Senator Sir KENNETHANDERSONThe Acting Treasurer has provided the following answers to the honourable senator's question:

It is not practicable to make a reliable estimate of the full year effect on Commonwealth revenue of the proposed variation in the operation of section 26 (a) of the Income Tax Assessment Act announced on11th April 1972.







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