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Tuesday, 11 April 1972
Page: 928

Senator Douglas McClelland (NEW SOUTH WALES) asked the Minister representing the Treasurer, upon notice:

What anticipated revenue will the Treasury gain through sales tax on colour television sets, having regard to the number of receivers estimated by the Australian Broadcasting Control Board in its 1970-71 Annual Report that will be purchased over a number of years.

Senator Sir KENNETH ANDERSON - The Treasurer has provided the following answer to the honourable senator's question:

In its annual report for the year ended 30th June 1971, the Australian Broadcasting Control Board provided estimates of expenditure on colour television receivers based on the cost to the public of a receiver being $700 and on alternative assumptions that at the end of the third year of colour television there would be (a) 364,000 or (b) 909,000 colour television receivers in use. Using these assumptions it has been estimated that at the present rate of sales tax, revenue from the sale of these colour television sets would amount to approximately $25m if asumption (a) were correct, or approximately $62m if assumption (b) were correct. In making these estimates, regard has been had to the fact that sales tax is not payable on the value of a cathode ray tube incorporated in a television receiver.

I should point out that the net gain to revenue will be somewhat less than the sales tax revenue that will in fact result from sales of colour television receivers, as in many cases sales of colour television sets will replace sales of conventional receivers that would otherwise be expected to be made in the period up to the end of the third year of colour television transmission.

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