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Tuesday, 26 September 1972
Page: 1184

Senator COTTON (New South WalesMinister for Civil Aviation) - I move:

That the Bill be now read a second time.

This Bill is associated with the Australian Capital Territory Tax (Sales of Marketable Securities) Bill 1972 that has just been introduced. It proposes an increase - of the same order as proposed in the earlier Bill - in the rates at which stamp duty is imposed under the 'broker return' system on the purchase side of transactions in marketable securities. I commend the Bill to the Senate.

Debate (on motion by Senator Wilkinson) adjourned.

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