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Thursday, 11 June 1970

Mr UREN (REID, NEW SOUTH WALES) -I ask the Prime Minister a question, ls it a fact that the Liberal Party's Federal Council has attacked the Federal Government over high interest rates imposed on home owners? ls it also a fact that as a remedy the Council proposes that interest on first mortgage housing loans up to SI 2,000 be allowed as a tax deduction? Is he not aware that so far as tax deduction benefits are concerned, the bigger the income the bigger the benefit? Has there been any estimate of the cost of the proposal? If not will he give an undertaking that there will be such an investigation?

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