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Tuesday, 18 May 1993
Page: 783

Senator HARRADINE (11.05 p.m.) —At this stage of the night there is no merit in debating this question at length. It would have been preferable to have a provision that recognised the importance of ensuring that people are able to retain as much of their own income as possible. The tax mix in Australia is skewed to disadvantage income earners, and particularly pay-as-you-earn taxpayers. The Government has not given sufficient consideration to other aspects of tax, including the question of land and resources.

Senator Tate —What about inheritance?

Senator HARRADINE —That is another aspect. For example, I would like to see the development of a loan scheme against estates. People who are rather well off assets-wise and income-wise could have a loan scheme applied against their estates. I would like to develop that aspect at some stage. I am opposed to the current unjust system which taxes the income of families without regard to the number of dependents on that income. That is where the injustice lies. This should be considered in the Social Security Amendment Bill because the Government is taxing families substantially, and then dribbling some of the money back through the social security system. It is demeaning, it is degrading, it is unfair and it is unjust.

  I feel that it would have been of benefit to go into this amendment. The only opportunity I have had to read this is in the last hour. Because of the time and because it is merely a second reading amendment and will not affect the legislation, I do not propose to vote for it.

  Amendment negatived.

  Original question resolved in the affirmative.

  Bills read a second time.


  The Bill.