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Friday, 23 November 1979

Senator DURACK (Western AustraliaAttorney General) - I move:

That the Bill be now read a second time.

I seek leave to incorporate my second reading speech in Hansard.

Leave granted.

The speech read as follows-

The purpose of this Bill is to validate all duties of excise demanded or collected on or before 30 June 1980 in respect of stabilised crude petroleum oil, saccharin and cyclamates and grape brandies pursuant to Excise Tariff Proposals Nos 5, 6 and 1 which were moved in the other place on 21 August 1979 and 8 November 1979 respectively. The increase in the excise duty on stabilised crude petroleum oil from $70.98 to $102.27 per kilolitre with effect from 1 July 1979 followed determination, by my colleague the Minister for National Development (Mr Newman), of new import parity prices in accordance with the Government's decision that all crude oil be priced to refineries at import parity levels.

Abolition of duties of excise on saccharin and cyclamates has been made as a result of the Government's decision to adopt the recommendations of the Industries Assistance Commission contained in its report No. 2 12 of 4 May 1979 on chemical products (Part A). Duties of excise payable on grape brandies have been reduced by $2.75 per litre of alcohol as a result of the Government's decision to enhance the competitive position of this product following consideration of the recommendations made by the Industries Assistance Commission in its reports on grapes and wine and spirits, spirituous beverages, et cetera. I commend the Bill to honourable senators.

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