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Thursday, 4 June 1970

Mr BURY (Wentworth) (Treasurer) 1 2.23] - I move:

That the Bill be now read a second time.

Under section 55 of the Constitution, duties of customs, duties of excise and other duties are required to be imposed by separate laws. The purpose of the States Receipts Duty Bill (No.1) is to impose, for the benefit of the States, duty on certain receipts of money, to the extent that it is a duty of excise, at the rate of 0.1% of the money received. I explained the background and effect of the Bill, and the other Bills with which it is associated, in my second reading speech when introducing the States Receipts Duties (Administration) Bill 1970. I commend the Bill to honourable members.

Debate (on motion by Mr Crean) adjourned.

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