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Wednesday, 26 October 1910

Senator McGREGOR (South AustraliaVice President of the Executive Council) . - I can hardly conceive that Senator Millen does not realize the true position. We are dealing only with this particular year, that is to say, the taxation year from the 30th June, 1910, to 30th June, 191 1. With those who executed transfers of land before the 30th June, 1910, we have nothing at all to do. They were not the owners of the land on the 30th June, 1910, when the ownership of the land should be determined. This provision is inserted as a concession to those who are bona fide sellers of land before 30th September, 1910. We say that if they have entered into an agreement to sell after the date fixed for the determination of the ownership, that is to say, after 30th June, 1910, we will give them a certain time - up to the 30th September, 1 9 10 - to complete the sale and so avoid taxation under this measure in respect of the land sold. This is a concession to the bond fide seller of land who is carrying out one of the principles of the Bill and is subdividing his own land, though it may be that in some cases the transfer will be to another large owner of land.

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