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Thursday, 15 September 1983
Page: 893


Mr BILNEY —My question is directed to the Treasurer and relates to the bank accounts debits tax which, as the House will recall, was dreamed up by the Fraser Government and inherited by this Government when we came to office this year. I ask the Treasurer: Is he aware that although there is general community acceptance of the bank accounts debits tax, certain organisations of a charitable or non-profit-making kind feel strongly that their operations should be exempt from the tax? Can he confirm that it is the Government's intention to review the operation of the bank accounts debits tax later this year? Finally, in that review, will he undertake that consideration will be given specifically to the possibility of exemption from the bank accounts debits tax of non-profit bodies such as charitable organisations, school councils and local government bodies?


Mr KEATING —I can confirm that it is the Government's intention to review the operation of the bank accounts debits tax. I think the House will be aware that a number of non-profit bodies such as charitable organisations, schools and parents and citizen bodies have made representation to members of parliament and to me in respect of the tax. The Government said that about six months after the introduction of the tax the matter would be reviewed. That six months is up in about a month's time. In the course of the next month or so the Government will be fulfilling that commitment by reviewing the operation of the tax, including the application of the tax to the kinds of bodies mentioned in the honourable gentleman's question.