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Tuesday, 2 October 1984
Page: 1406

Mr HURFORD (Minister for Housing and Construction and Minister Assisting the Treasurer)(11.29) —The Government listened carefully to remarks of the Deputy Leader of the Opposition (Mr Howard) during his speech on the second reading. We have gone back over our records in order to address the point that he raised with the seriousness it deserves. But in undertaking that examination we have found that there is no evidence of any undertaking to alter the law in a manner which would apply to gifts of trading stock made during the Ash Wednesday bushfires. The Government agreed in another place to examine an apparent anomaly that was drawn to attention by the introduction of a private member's Bill that itself had some technical deficiencies. The result of that examination was reflected in the amendments contained in this Bill.

It should be noted that gifts of trading stock by one farmer direct to another farmer are not within the ambit of this Bill. The Bill deals only with the gift of trading stock to recognised tax deductible gift institutions. The final point I make is that without a power to amend assessments that have already been made, any retrospective operation of the measure would be largely ineffective. It is for those reasons that the Government does not support the amendment moved by the Opposition.

Amendment negatived.

Clause agreed to.

Clauses 10 to 12-by leave-taken together, and agreed to.

Proposed new clause 12A.