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Thursday, 15 June 1989
Page: 4084

Senator WALSH (Minister for Finance)(12.12) —Senator Watson asked about the mechanism for the anti-detriment provision. It is set out on page 33 of the explanatory memorandum. In brief, it is the responsibility of the individual to apply to the Commissioner of Taxation in his or her tax return for the compensation the section will provide.

Senator Watson —What did you say?

Senator WALSH —The individual needs to apply for it; that is the mechanism. The compensation can be by way of a tax rebate or a credit.