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Wednesday, 6 December 1911


Senator WALKER (New South Wales) . - I should like to know whether the beneficiaries in the estate to which I have referred will be entitled to an exemption of £5,000?


Senator McGregor - Each separate trust estate will enjoy an exemption.

Clause agreed to.

Clause 9 -

Section 43 of the Principal Act is amended - (a) by omitting the words " the amount by which the tax payable by the primary taxpayer is increased by the inclusion of the land or interest in his assessment."

Provided that the amount of the deduction shall not exceed the amount by which the tax payable by the primary taxpayer is increased by the inclusion of the land or interest in his assessment.

Amendment (by Senator McGregor) agreed to -

That the word " primary," line 8, be left out, with a view to insert the word " secondary " in lieu thereof.

Clause, as amended, agreed to.

Clauses 10 to 13 agreed to.

Title agreed to.

Bill reported with an amendment.

Standing Orders suspended, and report adopted.

Motion (by Senator McGregor) proposed -

That this Bill be now read a third time.







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