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Wednesday, 16 March 1966

Mr McIVOR (GELLIBRAND, VICTORIA) r asked the Treasurer, upon notice -

1.   What contributions to projects (a) inside and (b) outside Australia are allowable deductions for income tax purposes in this financial year?

2.   What projects have been added to or removed from the list of allowable deductions in each of the last three financial years?

3.   Is he able to say what was the expenditure per head of population on external aid in each of the last three financial years in (a) the United States of America, (b) France, (c) the United Kingdom, (d) New Zealand and (e) Australia?

Mr McMahon - The answers to the honorable member's questions are as follows -

1.   The funds, authorities and institutions to which gifts (other than testamentary gifts) of £1 or more are deductible for income tax purposes for the current financial year are set out in paragraph (a) of sub-section (1.) of section 78 of the Income Tax Assessment Act 1936-1 96S. The section limits the deductions to gifts to funds, authorities and institutions in Australia.

1.   During the last three financial years the following additions to section 78 (1.) (a) have been made -


No funds or institutions were removed from the list contained in section 78 (1.) (a) during these financial years. However, under sub-section (3.) of section 78, gifts made after 30th June 1963 to the United Nations Appeal for Children or the Australian National Committee for World Refugee Year are not deductible. Under sub-section (4.) of section 78, gifts made after 30th June 1964 to the Australian National Committee for the Freedom from Hunger Campaign are not deductible.

3.   The information sought is given in the following table -


It is relevant to any consideration of these figures that international aid statistics do not generally take account of the quality of the assistance provided. Australian aid is all in grant form, whereas much of the " aid " of most donor countries takes the form of repayable loans which often carry a relatively high rate of interest and which are, sometimes, repayable over quite short periods of time. For this reason, it is believed that the type of assistance provided by Australia to developing countries is generally doubly welcome in that it does not add to the recipients' debt-servicing problems.

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