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Wednesday, 4 May 1994
Page: 143

Senator VANSTONE —I give notice that, on the next day of sitting, I shall move:

  That the Senate—

  (a)notes that:

    (i)the company Tioxide Australia Pty Ltd, a wholly-owned subsidiary of the United Kingdom's largest industry company, ICI Plc, is planning to build at Whyalla in South Australia an export-oriented titanium dioxide pigment plant to serve the Asia-Pacific region,

    (ii)this project would have significant total national benefits for Australia and the Commonwealth Treasury, and

    (iii)Malaysia has emerged as a rival for Whyalla, with that country's program of aggressive taxation incentives, which includes a 10 year corporate tax holiday, almost certain to win the project unless it is effectively countered by an Australian initiative; and

  (b)calls on the Federal Government to urgently examine the situation and assess what can be done to secure this project for Australia and South Australia.