Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download Full Day's HansardDownload Full Day's Hansard    View Or Save XMLView/Save XML

Previous Fragment    Next Fragment
Thursday, 31 October 1974
Page: 2182

Senator GREENWOOD (VICTORIA) - I ask the Leader of the Government in the Senate: Is it a fact that the Treasurer of the Commonwealth and the Department of the Treasury regard weekly tax rebates for interest payments on mortgages as too complicated to be easily workable? Is it also a fact, as rumoured, that the Australian Labor Party Caucus thinks otherwise? What is the source of the superior knowledge which entitled the members of Caucus to know better than Treasury the feasibility of a complex tax deduction program?

Senator MURPHY (NEW SOUTH WALES) (Attorney-General) - This question obviously involves policy. It deals with the financial policies of the Government about which the Parliament will be informed in due course. The honourable senator is really asking about the superior knowledge of Caucus. Of course Caucusthat is, all the members of the Parliamentary Labor Party, both senators and memberswould be expected to have an enormous collective capacity to decide questions when it is able to receive the wise advice, not only of the Prime Minister but also of the Treasurer. Honourable senators will recall that not so long ago I said that we have the wisest and most prudent Treasurer that this Commonwealth has had for the last 23 years.

Suggest corrections