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home / archives / 1980 /  6th March

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Signs of a spring or a fall?

A doubting Australian public was coming to terms with promises of Tax Cuts from the Federal Liberal Government led by Prime Minister Malcolm Fraser. There had been a collapse of the Wage Indexation System and inflation and unemployment were on the increase. A rise in the petrol tax had wiped out a tax reduction of 85 cents a week for the average Australian.