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Monday, 11 November 1991
Page: 2821

Senator WALTERS —I give notice that, on the next day of sitting, I shall move:

  That the Senate—

  (a)recalls the speech made to the National Press Club by the then Treasurer, the Member for Blaxland (Mr Keating), on 5 June 1985, in which he said that the existing tax system was notoriously complex and a dead-weight to the economy, that the time had come when something must be done, that the existing tax system was unfair and that he aimed to make it fairer;

  (b)notes that the then Treasurer also acknowledged that the system impaired economic growth and that the Government aimed to create a tax system which would act as a stimulus to economic growth and to reward incentive;

  (c)calls on the Government to explain why it abandoned its 1985 commitment to tax reform, especially when such measures, according to the then Treasurer, would have encouraged our employers to increase production and employment; and

  (d)requests that the Government explains to the Senate how its `fast tracking' scheme can sustain ongoing job creation, especially as the tax system still suppresses increased production and employment and still acts as a disincentive to economic growth.