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Tuesday, 6 September 1983
Page: 365

To the Honourable Speaker and members of the House of Representatives in Parliament assembled Re: Income Tax Assessment Amendment Act of 1983:

We wish to express our extreme concern and alarm at the decision of the Federal Government to introduce the above legislation from 1st September 1983.

The impact of the legislation will be devastating to the electrical contracting and building construction industry and will only result in the loss of jobs and substantial increases in costs.

The impossible conditions placed by the Australian Taxation Office on obtaining exemption certificates by 1st September will place our businesses in financial jeopardy, irrespective of the fact that we have fulfilled our taxation obligations at all times. Needless to say that this will affect all electrical contractors and sub-contractors in a similar fashion.

To have up to 10% of our turnover withheld as tax whilst we are subject to provisional tax shows a total disregard to the business sector and a total lack of knowledge of the electrical contracting industry by our legislators.

In view of the failure of the Taxation Office to produce the relevant documentation and the burden on Accountants with annual taxation audits and returns at this time of the year, we would respectfully request you to urgently raise this matter on behalf of the electrical contracting and construction industry for a total review of the implications involved and also a deferment of the operative date.

Your petitioners therefore pray that the House of Representatives and Parliament will take note of their petitioners and constituents.

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