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home / archives / 1977 / 20th December

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Problems, problems, problems.

Liberal Prime Minister Malcolm Fraser is in a difficult position as he ponders the fate of his deputy Sir Phillip Lynch. The Lynch papers had revealed that Sir Phillip Lynch who was Deputy Leader of the Liberal Party had gained tax minimization through the use of a Family Trust.

In an official inquiry he was later acquitted of any wrong doing in the matter. At the time Sir Phillip had given up his two positions as Treasurer and as Finance Minister.