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Wednesday, 3 June 1970

Mr Reynolds (BARTON, NEW SOUTH WALES) asked the Treasurer, upon notice:

(1)   On what basis was the $900,000 in the Defence Forces Retirement Benefits Fund distributed prior to Christmas 1969 among the approximately 3,500 eligible former members of the Permanent Defence Forces.

(2)   What was the amount of the average payment.

(3)   How many (a) senior officers,, (b) junior officers and (c) other ranks shared in the distribution.

(4)   What was the (a) average and (hi total amount distributed in each of these categories.

Mr Bury - The answer to the honourable member's uestion is as follows:

(1)   For the purpose of distribution of the. surplus assets in the Defence Forces Retirement Benefits Fund, an actuarial basis was used to calculate the payment to be made to or in respect of each eligible pensioner. In these calculations, the share of an eligible pensioner was determined by reference to the contributions actually made and a variety of. other factors including the age and marital status of the pensioner, the type of pension received and variations in rates of mortality. Since Christmas, 1969, distribution of the surplus assets has continued and it is expected that the total entitlement will be $1,051,812 to be distributed to over 5,600 eligible pensioners.

(2)   The average payment is approximately $185.

(3)   and (4) The information sought is not available as rank was not (he basis for any part of the calculations used to establish entitlements.

Taxation (Question No. 43S)

Mr Berinson asked the Treasurer, upon notice:

(1)   What was the total of deductions claimed by taxpayers on account of (a) contributions to health insurance funds, (b) medical expenses other than those covered by (a) and (c) donations to charities and appeals qualifying for tax deductions, for the last year for which figures are available.

(2)   What was the estimated cost to revenue of each of these items.

Mr Bury - The answer to the honourable member's question is as follows:

(I)   The latest available statistics of the total amount of deductions allowed in income lax assessments of individuals on account of -

(a)   contributions to hospital and medical benefit funds;

(b)   net medical expenses; and

(c)   gifts to public benevolent institutions, etc., and the years to which these statistics relate are as follows -


The statistics of deductions for 'net medical expenses' relate to gross medical, dental, optical and funeral expenses less any amounts recouped from or payable by a Government, public authority, society, association or fund.

(2)   The estimated costs to income tax revenue of allowing each of these amounts as deductions were as follows -


These estimates of income tax revenue forgone represent the amounts of the total revenue forgone (in respect of 'total deductions') that are attributable to the particular deduction items in each year concerned.

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