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Thursday, 31 May 1973
Page: 2970

Mr CREAN (Melbourne Ports) (Treasurer) - in reply - Before this amendment is put to a vote I should like to thank honourable members on both sides of the House for the interesting debate on this very intricate piece of law, particularly that section which deals with the amendment to private company law. I indicate to the spokesman for the Opposition, the honourable member for Curtin (Mr Garland), that we intend to accept the Opposition's amendment in the Committee stage. I also have a technical amendment that I want to make to the Bill. But I thank honourable members who have participated in this debate for the way in which it has been conducted.

Amendment negatived.

Original question resolved in the affirmative.

Bill read a second time.

In Committee

Clauses 1 to 23 - by leave - taken together, and agreed to.

Clause 24.

(3)   In relation to assessments in respect of income of the year of income that commenced on 1st July, 1972, sub-section 80b (2) of the Principal Act has effect as if a reference in that sub-section to the allotment of shares in a company did not include a reference to an allotment that took place after 1 1th April, 1973.

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