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Thursday, 9 December 1976
Page: 3736

Mr Neil asked the Treasurer, upon notice:

As a supplement to question No. 1 165, what additional tax revenue would be gained by the abolition of the means test in respect of persons aged:

(a)   69 years,

(b)   68 years,

(c)   67 years,

(d)   66 years and

(e)   65 years.

Mr Lynch - The answer to the honourable member's question is as follows:

The available information on incomes of aged persons is not sufficiently detailed to enable accurate estimates to be made of the likely gain to income tax revenue that would result from the increased pensions payable if the means test were abolished for the classes of aged persons mentioned. However, as a broad guide, it has been estimated that the additional income tax payable would be about one-third of the amounts set out in part (2) of the answer to question No. 1165.

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