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Wednesday, 5 May 1971

Senator LAUCKE (SOUTH AUSTRALIA) - Is the Minister representing the Treasurer aware of the keen desire of many South Australians who are preservationists of architecturally beautiful and historically interesting buildings to save the old Australia and New Zealand Bank building in King William Street from demolition because of its unique and outstanding architectural design, character and beauty? Is the Minister aware that the preservation project is sought to be financed by subscriptions from the public? As it is vital to the success of the campaign to raise funds that donations be tax deductible, will the Minister ask his eoi-, league to give favourable consideration to the application of the committee conducting the campaign to have donations deductible for taxation purposes and so ensure the success of the move to retain this magnificent building in the very heart of our city?


I am not aware that there is a move for the preservation of the Australia and New Zealand Bank building in Adelaide, although I can appreciate the type of thinking which would prompt people to come together for that purpose, having regard to the very beautiful city of Adelaide. My understanding is that, as a general rule, the concessional allowance for donations is directed more towards those made to charitable organisations. Some gift or some donation to a charity, under certain circumstances, by the right of the Treasurer, is an eligible taxation deduction within the limits of the taxation law. I am not aware whether this would apply or could reasonably be expected to apply in this type of case, but the decision is for the Treasurer to make. Perhaps I should not prejudge him or his decision on the project. I will have the matter referred to him.

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