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Monday, 26 November 1973
Page: 3804

Debate resumed from 22 November (vide page 3776), on motion by Mr Crean:

That the Bill be now read a second time.

Upon which Mr Lynch had moved by way of amendment:

That all words after "That" be omitted with a view to inserting the following words in place thereof: whilst not declining to give the Bill a second reading, the House is of the opinion that the provisions of the Bill are a contravention of the Government's electoral undertakings not to increase taxes and that the Bill specifically:

(a)   imposes unwarranted taxes on pensioners;

(b)   eliminates incentives for manufacturing industry inconsistent with the economic requirement to increase productivity and ease the pressure on domestic resources;

(c)   removes or drastically reduces important rural productivity incentives;

(d)   jeopardises the savings and future security of Australians holding life assurance policies;

(e)   places inflexible rules on the sale of property which take no account of reasons unconnected with profit motives such as illness and additional family responsibilities;

(f)   impedes the development of small businesses by increasing the rates of private company tax, and

(g)   places added cost burdens on Australia's wine and brandy producers especially the smaller producers of wine grapes".

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