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Tuesday, 10 December 1974
Page: 3279

Senator WRIEDT (Tasmania) (Minister for Agriculture) - I move:

That the Bill be now read a second time.

I seek leave to have the second reading speech incorporated in Hansard.

The DEPUTY PRESIDENT-Is leave granted? There being no objection leave is granted. (The speech read as follows)-

In speaking to the Health Insurance Levy Assessment Bill 1974 1 mentioned that the levy is to be imposed on people residing in Australia and that its collection is to be integrated with the collection of income tax. Australia's double taxation agreements provide, among other things, that Australians who receive income from overseas that is included in their taxable income are to be entitled to a credit for foreign tax on the income. This Bill will ensure that the arrangements for relief of double taxation apply to both income tax and health insurance levy. I commend the Bill to the Senate.

Debate (on motion by Senator Guilfoyle) adjourned.

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