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Thursday, 21 September 1972
Page: 1134

Senator COTTON - On 22nd August 1972, Senator Webster addressed a question without notice to the Minister representing the Treasurer in the Senate concerning the extension of the income tax investment allowance for manufacturing industry to the building and construction industry. The Treasurer has provided the following answer:

As the Minister for Civil Aviation indicated on 21st March 1972, when winding up the debate in the Senate on the Income Tax Assessment Bill 1972, I have undertaken to consider a study relating to this matter which the building and construction industry is making and, when that study has been received and examined, to consult further with industry representatives. That is still the position.

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