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Wednesday, 16 October 1974
Page: 1739

Senator SHEIL - My question is directed to the Leader of the Government in the Senate in his capacity as Minister representing the Prime Minister. I refer to the Prime Minister's statement yesterday that restoration of the investment allowance as a means of boosting business confidence could not be justified but that the Government would consider restoration if circumstances changed. I ask: Is the Government concerned about the present low level of confidence within the business community? Does the Government expect this situation to improve or deteriorate as a result of the Budget and other recent economic measures? Under what changed circumstances would the Government reconsider investment allowances?

Senator MURPHY -The answers to the honourable senator's questions, as I recall them, are yes, yes, and when the time seems appropriate.

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