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Tuesday, 14 September 1971
Page: 1286

Mr SNEDDEN (Bruce) (Treasurer) - I move:

That the Bill be now read a second time.

The purpose of this Bill is to impose the pay-roll tax payable by employers in the Australian Capital Territory (including Jervis Bay) and the Northern Territory, and to declare the rate at which the tax is to be paid. The Bill proposes that tax be payable at the rate of 2i per cent of the wages subject to tax under the provisions of the Pay-Roll Tax (Territories) Assessment Bill 1971, after deduction of the statutory exemption allowable in accordance with that Bill, The rate is the same as that at which die existing Commonwealth pay-roll tax has been imposed and will apply as from the commencement date to be proclaimed for the purposes of the Pay-Roll Tax (Termination of Commonwealth Tax) Bill 1971. I commend the Bill to the House.

Debate (on motion by Mr Crean) adjourned.

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