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Wednesday, 12 April 1972
Page: 1020

Senator WILKINSON (Western Australia) has made - a gentle request. I think we would be a little remiss if we did not take heed of what he said. The Bill was introduced rather unexpectedly, I think we could say, into the other place last night. The Opposition did not oppose it because the Bill was largely in agreement with some of the objections that we raised to the Income Tax Bill last year. The Bill now comes before us for ratification. We have no intention of extending the debate. We think that the Bill should be passed as soon as possible. Clause 2 says that the Act shall come into operation on the day on which it receives the royal assent. Because the Bill will be of such great advantage to pensioners particularly - I am thinking not so much of the reduction in the income tax levy to2½ per cent which is a very good thing and which is in line with our policy at the time of the Budget - the Opposition is not opposing the Bill. We welcome the Bill, which has come rather later than we had hoped it would.

Question resolved in the affirmative.

Bill read a second time, and passed through its remaining stages without amendment or debate.

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