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Tuesday, 26 November 1985
Page: 2220

To the Honourable the President and members of the Senate in Parliament assembled.

We, the undersigned bank employees, wish to register our displeasure and concern following the announcement of the Federal Government's taxation package on 19th September 1985, in which a tax will be levied on the employer for fringe benefits provided to staff.

You may not be aware, however, the vast majority of bank employees are not high income earners and many rely on benefits such as concessional interest rates on housing loans in order to maintain a living wage, others to cope with high capital city housing costs. In view of the enormous costs of this tax to our employers they will only have two courses of action open to them if this taxation package is allowed to pass through the Senate and become law, and they are to pass these costs on to either the public or the employees. With the present highly competitive climate it is extremely unlikely these costs will be passed on to the public.

We seek your assistance in bringing our plight to the notice of your fellow Senators in an effort to maintain our existing living standards which are in danger of being seriously eroded by this taxation package.

Your petitioners as in duty bound will ever pray.