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Tuesday, 22 August 1972
Page: 219

Senator WEBSTER (VICTORIA) - Does the Minister representing the Treasurer recall the debate in the Senate when a taxation concession known as the investment allowance was reinstated to assist and encourage manufacturing industry to install new production plant? Does the Minister recall that during the debate the Government gave an indication that it would review provisions of the Act which precluded companies involved in the construction industry from obtaining the benefits inherent in that legislation? Has the Government yet reviewed its earlier decision with a view to accepting the construction and building industries as being manufacturing industries within the terms of the aforementioned legislation?

Senator COTTON - I remember the debate. 1 remember the matter being raised and I remember the honourable senator's part in relation to that matter. I understand that it is subject to review and that a review is taking place. I have no precise information beyond that, but I shall find out for the honourable senator what is the current situation.

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