Explanatory Memorandum PART A(Circulated by authority of the Treasurer, the Hon. P.J. Keating, M.P.)
Part A of this memorandum contains explanations designed to provide a broad guide to the main Bill that has been introduced to give effect to a number of taxation measures foreshadowed in the 1985-86 Budget and in earlier announcements. Also included is a brief explanation of accompanying Bills that declare and impose rates of income tax and Medicare levy for 1985-86.
Part B of the memorandum, to be issued shortly, will contain a clause by clause explanation of the Bills.