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Wednesday, 28 November 1973
Page: 2189

Senator LAUCKE - I direct my question to the Minister for Primary Industry. The Treasurer indicated in his Budget speech that tax concessions in respect of land development costs would not be allowed in the future unless a contract for work was entered into before 2 1 August.

As land development is a continuing process from scrub clearing to pasture establishment and in many cases is carried out without written contracts and quotations, will those landholders who can clearly show that given developmental projects were partly completed as at 2 1 August qualify for tax concessions to the finalisation of those immediate projects?

Senator WRIEDT -I recall the provision referred to by the honourable senator. The proposition that he puts appears to be a reasonable one. I do not know what specific attitude the Treasurer has taken in respect of this matter but I will take it up with him. I think, in the manner in which it has been suggested, it is a reasonable proposition and that the allowance should be made in those circumstances.

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