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Friday, 28 June 1946

Mr BLAIN (NORTHERN TERRITORY) - Will the Treasurer announce, as early as possible, whether the Government proposes to continue, in full or in any modified form, the tenyear immunity from tax of the income from primary production of the residents of the Northern Territory? This immunity, which was granted by the Lyons Government as an incentive to people to settle in the Northern Territory, will expire on the 30th June, 1947. The failure of the Government to announce its policy is having a serious and unsettling effect on the pastoral industry, and my question is prompted by a desire to resolve that situation. If the pastoralists sell their stock during the next twelve months, the proceeds will certainly be exempt from income tax.

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