About Geoff
Jeff's SiteArchives
 Contact Us
 Links Page
home / archives / 1975 / 19th September

Higher resolution version available: click on image to download.


Not arguing!

The Whitlam Government had earlier started inquiries into Income and Security Reform as well as Income Tax. Meanwhile, the Crude Oil Excise introduced in August 1975 was ratified with oil sourced from discoveries made prior to 18th September 1975 to be taxed at a higher rate than "new oil" from reserves discovered after that date.