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Thursday, 18 October 1984
Page: 2016


Senator BOSWELL(8.54) —The Minister for Social Security (Senator Grimes) seems to have some misunderstanding about what the word 'profit' means and how businesses run. I ask him to think about this. He obviously does not understand the meat industry but perhaps we can relate the position we are debating to his own profession. If one's expenses are X and one's overheads are X-plus, one goes broke. That is exactly what the Government is doing to the meat industry. It is taking the last 2c of profit out of the meat industry. Meat manufacturers make, on average, 2c a kilogram profit. That is very simple; I hope that the Minister can understand that. Now the Government is imposing a charge of 2.4c per kilogram. The inevitable result is bankruptcy. Even people in the Australian Labor Party should be able to understand that. There is no way out of it. If one makes 2c and one is charged 2.4c one goes broke.