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Wednesday, 13 October 1971
Page: 2335

Mr Collard asked the Treasurer, upon notice:

(1)   When were the (a) boundary, (b) amounts of deduction and (c) qualifying period sections of the zone allowance provisions of the Income Tax Assessment Aci last (i) amended and (ii) considered with a view to amendment.

(2)   ls it the intention of the Government to amend these provisions.

(3)   If so, will they be amended during the Budget sittings; if not, why not.

Mr McMahon - The answer to the honourable member's question is as follows;

(1)   (i) (a) The zone allowance boundaries were last amended in 1956, by Act No. 101 of 1956, when Zone A was extended to include certain parts of Western Australia, the Northern Territory and Queensland. The revised zone boundaries operated as from 1st July '1956;

(b)   The amounts of deduction were increased in 1958, by Act No. 55 of 1958, to their present levels. The increased deductions operated for 1958-59 and subsequent income years;

(c)   The qualifying period of residence within the zone areas, i.e., residence in the area for more than one-half of the year of income, has remained unaltered since the introduction of the zone allowance deductions by Act No. 4 of 1945.

(ii)   The question of amending these several aspects of the zone allowance provisions was last considered when the 1971-72 Budget was being prepared.

(2)   and (3) Having regard to the overall budgetary position - including the need to raise substantial additional revenues - the Government decided that proposals for taxation concessions should be limited to those announced in the Budget Speech.

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