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Senator Messner:

No. 1-To move on the next day of sitting-That the Senate-

(a) notes the rising alarm of local government, rural producers and their representative organisations and small businessmen at the failure of the Federal Government to introduce legislation for its proposed capital gains tax, fringe benefits tax, abolition of negative gearing and particularly the quarantining of farm losses; and

(b) calls upon the Government immediately to introduce to the Parliament its legislation on these matters in order properly to inform anxious taxpayers who have no clear idea of how these undesirable tax imposts will effect them.

No. 2-To move on the next day of sitting-That the Senate draws to the attention of the Federal Government the disastrous impact on rural producers of its proposals to quarantine farm losses for tax purposes and in particular notes-

(a) the effects on afforestation undertaken by farmers where farm income is used to develop forestry;

(b) the apparent inflexibility of the proposal which will prevent the offset for tax purposes of, for example, specified income from shearing, against income earned from contracting farm machinery to other farmers;

(c) that at a time of crisis in rural Australia the proposals are likely to restrict rather than enhance the abilities of Australia's battling farming families to find alternative sources of income to tide them over during these difficult times; and

(d) that the proposal is likely to mitigate against the desirable trend toward rationalisation and restructuring still continuing in rural Australia, which can improve the future viability of Australian farms.