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Tuesday, 14 March 1961

Mr HAROLD HOLT - The Deputy Leader of the Opposition introduced some argumentative comment in the course of his question, but I do not propose to answer his arguments now. I have already given notice to-day of legislation which will be introduced by the Government. This embodies the policy decision of the Government and, when the bill is being debated by the House, I can deal more fully with the points raised by the honorable gentleman. I did say last week that the Government, in coming to its decision, was not actuated primarily by revenue considerations. Although I gave some figures to indicate what the loss to revenue would be if we acceded to the request that sales tax be refunded, it will be remembered that I also pointed to the important considerations both of principle and taxation practice which would be involved if we were to follow a course that has never previously been taken by any government.

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