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Friday, 8 November 1985
Page: 1854

Senator SHORT —My question is directed to the Minister representing the Treasurer. Will bonus issues and rights issues on shares held on 19 September 1985 be subject to the proposed capital gains tax?

Senator WALSH —I do not have a definitive answer to that question but, subject to further advice from the Treasurer, I understand that that question is being considered.

Senator SHORT —May I put a supplementary question to the Minister? Do I take it from his answer that the decisions in relation to issues such as this, which will be affected by capital gains tax, have not yet been taken?

Senator WALSH —On all conceivable details, no, decisions have not yet been firmly taken.