Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download Full Day's HansardDownload Full Day's Hansard    View Or Save XMLView/Save XML

Previous Fragment    Next Fragment
Thursday, 25 May 1972
Page: 3193


Mr Daly asked the Treasurer, upon notice:

What would be the cost in a full year, at present rates of taxation, of abolishing income tax on all weekly incomes of (a) $100 or less, (b) $101 to $150 and (c) $151 to $200.


Mr McMahon - The answer to the honourable member's question is as follows:

Estimates have been made of the costs to income tax revenue in a full year of exempting from income tax all individual taxpayers with annual actual incomes falling within the ranges corresponding to the ranges of weekly incomes specified in the honourable member's question. The estimated full year costs, at levels of income estimated for the 1971-72 income year, are as follows:

 

Allowance has not been made in these estimates for 'shading-in' i.e., a reduction in tax otherwise payable on income somewhat higher than the exemption levels. The purpose of 'shading-in' is to ease the transition from complete exemption from tax to liability for tax at normal rates. The costs to revenue of the 'shading-in' arrangements would depend on the rates adopted for the 'shading-in' ranges, but even if a 'shading-in' rate equal to the present maximum marginal rate were adopted a further substantial cost would result.

Australian Capital Territory: Broadcasting Services (Question No. 5407)


Mr Enderby asked the Postmaster-

General, upon notice:

(1)   Is it a fact that there is growing speculation that applications will be called this year for a licence for a second commercial broadcasting station for Canberra.

(2)   Has his attention been drawn to a newspaper report which states that Sir Frank Packer already has the licence wrapped up.

(3)   Does the Government agree with the view of the Australian Broadcasting Control Board that companies controlling radio stations should be as widely representative of the area they serve as possible.

(4)   When will applications be called for a second station and what is the reason for the delay.


Sir Alan Hulme - The answer to the honourable member's question is as follows:

(1)   The Australian Broadcasting Control Board has the question of the further development of the commercial broadcasting services under continuing review and in this connection the possibility of the establishment of a second commercial broadcasting station to serve Canberra has been under consideration for some time, but 1 am not yet in a position to indicate the outcome.

(2)   I am not aware of the newspaper report to which the honourable member refers.

(3)   Yes.

(4)   Applications would not be invited until a decision has been taken to establish such a station.







Suggest corrections