The main points
• Petrol down 6c a litre, diesel 4c. • Cigarettes up more than 70c to about $2.50 a packet • Home Ownership Savings Scheme and family benefit capitalisation axed and replaced with Homestart offering loans of $6OOO to $lO,OOO. • National superannuation surcharge to be cut 7 per cent at October 1. • Car prices to rise 4.5 to 5 per cent at October 1. • Fiscal deficit up from last year, now estimated at $2.45 billion. • Government taken over “think big” and producer board debts — total, $7.2 billion. • Special partnerships knocked on the head. • Deferred tax virtually outlawed. • Special tax allowances for exploration companies removed.
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Bibliographic details
Press, 1 August 1986, Page 1
Word Count
103The main points Press, 1 August 1986, Page 1
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