Page 4612 - Week 15 - Wednesday, 20 November 1991

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CHIEF MINISTER FOR THE AUSTRALIAN CAPITAL TERRITORY

LEGISLATIVE ASSEMBLY QUESTION

Question No. 468

Financial Institutions Duty

MR KAINE - Asked the Treasurer upon notice on 6 August 1991:

(1) Is it the Governments intention to increase the 0.08 percent tax on the interstate transfer of funds, in order to increase revenues for additional budget commitments.

(2) If so, what is the new rate.

MS FOLLETT - The answer to the Members question is as follows:

As shown in the 1991/92 ACT Budget the Government has not increased financial institution duty applicable on the interstate transfer of funds.

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