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Thursday, 14 November 1974
Page: 2381

Senator Wriedt (Tasmania) (Minister for Agriculture) ( 1 1.58)- I move:

That the Bill be now read a second time.

I seek leave to have the second reading speech incorporated in Hansard.

THE PRESIDENT-Is leave granted? There being no dissent, leave is granted. (The document read as follows)-

This Bill will give effect to the Budget proposal to increase the rate of pay-roll tax in the Australian Capital Territory and the Northern Territory. The present rate of 4Vi per cent will be increased to 5 per cent from 1 December 1974. Since the transfer of the tax to the States in September 1971 pay-roll tax has been payable in respect of salaries and wages related to the Australian Capital Territory and the Northern Territory under legislation applying only in the Territories. Since 1 July 1974 the Territory rate has been 4Vi per cent, the same rate as levied by the States from 1 September 1973.

Following the Premiers Conference last June the Premiers foreshadowed an increase to 5 per cent in the rate of pay-roll tax in the States. This rate has been operative in each State as from 1 September 1974. There is no good reason why Territory employers should not be called upon to meet taxes and charges comparable with those borne by employers in the States. Accordingly, this Bill will bring the Territory rate into line with the rate applying in the States. The increase to 5 per cent will apply first to wages payable on and after 1 December 1974 and included in pay-roll tax returns due for lodgement on 7 January 1 975. I commend the Bill to the Senate.

Debate (on motion by Senator Cotton) adjourned.

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