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Tuesday, 15 April 1980
Page: 1452

Senator Chipp asked the Minister representing the Treasurer, upon notice, on 27 February 1980:

Will the Government consider the introduction of bonds adjusted to the Consumer Price Index, along the lines of the scheme existing in New Zealand, to protect the savings of the elderly, those on fixed incomes, and young home buyers, from inflation.

Senator Carrick - The Treasurer has provided the following answer to the honourable senator's question:

As part of the Government's on-going review of the range of Commonwealth securities on issue, consideration has been given to the introduction of index-linked securities. However, to date the Government has not considered their introduction to be appropriate.

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