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Thursday, 25 May 1972
Page: 2059

Senator TOWNLEY (TASMANIA) N o doubt the Minister representing the Treasurer is aware that Commonwealth estate duty assessed on primary producers in Tasmania during 1969-70 amounted to just over $660,000, or some 0.8 per cent only of the total Commonwealth estate duty. In the light of this fact and the difficulty that is experienced by most survivors of primary producers at the time of death of those primary producers, will the Minister say whether the Commonwealth Government has considered exempting from death duty the properties of primary producers left to direct descendants who are actually working the properties? This may help keep some young people down on the farm.

Senator COTTON (New South WalesMinister for Civil Aviation) I think that a review is being conducted by a Senate committee into the whole matter of estate and probate duty. I do not want to anticipate the findings of that committee except to say that I think that the honourable senator's observations could properly be made to it. Equally, the Government is awaiting the results of that Senate committee with some interest.

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