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Thursday, 10 May 1973
Page: 2005

Mr CREAN (Melbourne Ports) (Treasurer) - I move:

That the Bill be now read a second time.

This Bill will make amendments to the Payroll Tax Assessment Act corresponding with those proposed in relation to gold producers in the Export Incentive Grants Bill which I have just introduced. The Exports Incentive Grants scheme is the successor to the payroll tax rebate scheme adopted when payroll tax was transferred to the States. The amendments will apply in respect of the financial years 1968-69 to 1970-71 and will enable the actual producers of gold to receive export certificates under the payroll tax rebate scheme as suppliers of components where, after having been sold by a prescribed company for industrial use in Australia, gold has been fabricated into goods and exported. The memorandum explaining the provisions of the Export Incentive Grants Bill also contains explanations of the provisions of this Bill. I commend the Bill to the House.

Debate (on motion by Mr Bonnett) adjourned.

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