Senator ELLISON (Minister for Justice and Customs) (11:39 AM) —I thank senators who have contributed to the debate on the Textile, Clothing and Footwear Strategic Investment Program Amendment Bill 2004. This debate has focused not so much on the bill itself but on the government's post 2005 policy. The government has announced a long-term strategy for the industry, underpinned by $747 million in support. The government believes that this strategy offers the best opportunity for the industry to adapt to the changing global market. I note Senator Carr's amendment. This government's industry policy has always been focused on supporting innovation. There is no doubt that innovation and investment are the sources of lasting competitive advantage. Given that the current industry program provides a subsidy of up to 90 per cent for innovation, the government has long ago demonstrated its commitment to supporting innovation in the textiles, clothing and footwear industry. Firms in the leather and textile industries welcome the passage of this bill, which will provide them with the opportunity to claim greater support from the current strategic investment program. I commend the bill to the Senate.

Question agreed to.

Original question, as amended, agreed to.

Bill read a second time.