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Wednesday, 11 October 1972
Page: 1405

Senator CARRICK (NEW SOUTH WALES) - Is the Minister representing the Treasurer aware that Australians currently hold more than 8 million life assurance and superannuation policies? Is the Minister further aware of reported statements by Austraiian Labor Party spokesman Mr Frank Crean opposing the principle of allowing life assurance premiums as taxation deductions? Would not such a disallowance, if implemented, constitute a serious threat to the future of life assurance and cause a significant fall in the moneys available from life assurance companies for vital investment in government loans and major development undertakings?

Senator Murphy - I rise on a point of order. Questions are not to be hypothetical, though on occasions such questions are allowed to slip through. On this occasion I take a point of order because the hypothesis is untrue. If the honourable senator wants to debate such issues the opportunity should be taken at the proper time. It is not for him to refer in this way to a statement that was not the statement of Mr Crean and to ask a hypothetical question which seeks an opinion on the matter from the Minister.

The PRESIDENT -I owe honourable senators an apology, because I was looking at a note that was handed to me and I did not hear the question. I assume that Senator Carrick has the question written out. If he will let me have a copy of it I will look at it and rule on the point of order later.

Senator CARRICK - I studied the Standing Orders very carefully. As I understand the position, I have not infringed standing order 99. Mr President, I ask for your specific ruling on this matter.

The PRESIDENT - If you let me have a copy of the question I will give a specific ruling later.

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