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Tuesday, 8 May 1973
Page: 1749

Mr SNEDDEN (BRUCE, VICTORIA) - My question is addressed to the Treasurer. Has the Minister for Housing discussed with him a proposal to eliminate stamp duty and legal costs for home builders and home buyers? If it has been discussed, can the Treasurer inform the House whether he, the Treasurer, supports the proposal? What is the arrangement for reimbursement to the States of revenues which would be forgone, and what is the estimated Commonwealth expenditure in the first full year?

Mr CREAN (MELBOURNE PORTS, VICTORIA) (Treasurer) - My colleague the Minister for Housing and I have had considerable discussions about the problems connected with housing. He gave a key note address to a conference of master builders yesterday and indicated that this year we are faced with the situation of some builders telling us that costs of a completed house are likely to rise by 15 per cent. We propose to grapple with this wherever and whenever we can. We arc having substantial discussions about it. I have not yet considered the particular matters that the Leader of the Opposition has raised. All I can say at this stage is that his information is incorrect.

Mr Snedden - Will you repeat that?

Mr CREAN - All I can say at this stage is that his information is incorrect; that is, we do not propose to abolish State charges without consultation either with the States or with anyone else.

Mr Snedden - Do you intend to do it as a matter of Government policy?

Mr CREAN - No. We are looking at a number of means of reducing costs, but this one has not received any final consideration at all.

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