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Thursday, 31 August 1972
Page: 1015


Mr GARLAND (Curtin) (Minister for Supply and Minister assisting the Treasurer) - I move:

That the Bil) be now read a second time.

This Bill is complementary to the Gift Duty Bill that has just been introduced. At present no gift duty return needs to be furnished unless gifts amounting to $3,000 - three-fourths of the existing exemption of $4,000 - are made in a relevant period. This Bill will raise the amount of gifts requiring a return to $7,500 - that is, three-fourths of the new exemption of $10,000. I commend the Bill to the House.

Debate (on motion by Mr Crean) adjourned.

APPROPRIATION BILL (No. 1) 1972-73 Second Reading (Budget Debate)

Debate resumed from 30 August (vide page 737), on motion by Mr Snedden: Thoi the Bill be now read a second time.

Upon which Mr Whitlam had moved by way of amendment:

That all words after 'That* be omitted with a view to inserting the following words in place thereof: "The House condemns the Budget because it fails to define adequate economic and social goals for Australia; and in particular because it provides no programme for restoring full employment, no means of checking the costs and prices of goods and land, no framework for improving the standards of education, health, welfare and public transport and no national plan for our capital cities and regional centres'.







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