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Thursday, 4 June 1970

Mr McEWEN - Some months ago the honourable member brought to me a deputation of Mildura dried vine fruit growers whose colleagues had been troubled by storm and hail damage, which they were unable to insure against with any commercial insurance company. As I recall the position those gentlemen had in a most admirable manner formed themselves into a voluntary association and they subscribed from their yearly earnings to a fund which would be drawn upon to give them some recompense in the event of damage through hail or storm. The problem which confronted them was taxation - whether their voluntary contributions to their co-operative association would be regarded as tax deductible and whether any recompense drawn from the fund would be regarded as taxable income.I assured the honourable member and the deputation that upon this proposal being converted to a qui te explicit proposition I would ask my colleague, the Treasurer, at the time of preparing the Budget to consider what attitude the Government might properly take to the proposition in respect of taxation. The proposition having now been converted to an explicit proposal I undertake to bring it before my colleague, the Treasurer, and to get a decision of the Government when the Budget is under consideration.

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