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23 Jan 09 On the new investment allowance

MEMBER 1 writes:

"The media release of 12 December 2008,  in which the Treasurer, Wayne Swan, announced a 10% temporary investment allowance, is similar to legislation introduced for the period 8 May 1993 and 1 July 1994 where the plant and equipment exceeded $3,000.  It looks a lot like Swan had lunch with Keating, and picked his brain for an idea? Innovation is a new solution, not a copy of an old one."

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