Page 2052 - Week 10 - Wednesday, 25 October 1989
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would not have been advised at all. That simply is not true. I was a member of the budget consultative committee and I was there when representatives from CARD, which is one of the organisations Mr Kaine mentioned, were advised of these provisions with regard to this payroll tax closing up, and they had no problem whatsoever about the increased dollars in relation to payroll tax. Frankly, I just cannot believe that CARD did not know about it.
There is one other point that Mr Kaine raised in his speech. He said that this revenue proposal was an increase in revenue to the order of $6m per annum.
Mr Kaine: No, I did not. You did not listen carefully to what I said.
MR DUBY: I am sorry, Mr Kaine; you said that this will raise and generate $6m.
Mr Kaine: I did not. I will show you my speech since you were not listening.
MR SPEAKER: Order!
Mr Kaine: On a point of order, Mr Speaker; I object to being misquoted. That is not what I said, and I will give Mr Duby the benefit of my notes so that he can read what I said since he obviously did not hear it.
MR SPEAKER: Thank you, Mr Kaine. Please proceed, Mr Duby.
MR DUBY: Well, I thought I heard Mr Kaine say that $6m was going to be raised by these revenues. The fact of the matter is that payroll tax will generate $6m more in this financial year than last.
Mr Kaine: That is what I said. That is exactly what I said.
MR DUBY: That was a very sneaky way you put it through then. Maybe it is good to put on record here and now that it is going to be a growing base, higher wages are being paid, more people are going into employment, et cetera. Also, of course, it is covering the general increases due to inflation. This actual provision, I have been assured by our competent Treasury advisers, will raise in the order of $200,000 per month. In other words, in this financial year we are looking at $1.4m to $1.5m being raised. In a normal year this tightening up of these loopholes will raise in the order of $2.5m. That is my understanding, and I have no reason to doubt the advice given to me in briefings on this legislation which I sought.
Mr Kaine: You did not have to seek it; it is in the explanatory memorandum, Mr Duby. Did you not read that either? It is $1.8m a year, $150,000 a month.
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