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Wednesday, 11 October 1972
Page: 1412

Senator TOWNLEY - I ask a question of the Minister representing the Treasurer. In the interest of materially assisting the many low income earners in Australia to become home owners, will the Minister say what consideration has been given to making all or part of the interest paid on a loan for the first home a tax deduction, and will he note that such action would help those who most need assistance in this matter of buying a home?

Senator Sir KENNETH ANDERSON - Again I am being asked to reflect upon a matter of policy, not even in my own right as the Treasurer but indeed as the Minister in this place representing the Treasurer, and I cannot do so. I think the best I can offer is to have the matter referred to the Treasurer.

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