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Wednesday, 26 November 1941

Mr JOLLY (Lilley) .- I desire the Minister assisting the Treasurer (Mr. Lazzarini) to enlighten me upon the effect of the proposed new paragraph d which reads -

Any gift to an institution, organization or hotly of persons, whether corporate or unincorporate, not formed or carried on for the profit of any individuals.

Bodies such as the Young Men's Christian Association, the Young Women's Christian Association and the Salvation Army conduct a certain amount of trading business which is not carried on for the profit of any individual. They should be granted exemption. But the extension of the privilege to sporting clubs and associations is unjustified.

Mr Lazzarini - Only a few small country clubs are affected.

Amendments agreed to.

Clause, as amended, agreed to.

Clause 15 -

Where a gift of property is liable to gift duty and that property is also included as a gift inter vivos . . .

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