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Tuesday, 2 October 1984
Page: 1406

Mr HURFORD (Minister for Housing and Construction and Minister Assisting the Treasurer)(11.32) —I move:

(1) After clause 12, page 8, insert the following new clause:

Limitations on certain deductions

''12A. (1) Section 79C of the Principal Act is amended by omitting 'Subject to sub-section 121BA (5), the' and substituting 'The'.

''(2) The amendment made by sub-section (1) applies to assessments in respect of income of the year of income that commenced on 1 July 1984 and of all subsequent years of income.''.

This amendment is technical in nature. It will remove from section 79C of the Income Tax Assessment Amendment Act (No. 4) 1984 reference to a provision of that Act which was repealed earlier this year. Therefore, I suggest that the amendment is worthy of support and I trust that the Opposition will support it.

Proposed new clause 12A agreed to.

Clause 13.