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Wednesday, 4 May 1994
Page: 143

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

  That the Senate—

  (a)recognises the success of many of our international competitors in developing their industries with the help of strategic Government intervention based on agreed industry plans; and

  (b)calls on the Government:

    (i)to reverse its policies of unilaterally dismantling trade protection and industry support mechanisms,

    (ii)to assist the long-term competitiveness of Australian industry by formulating a national innovation strategy, supported by greater investment in education, expanded traineeship programs, maintaining funding for the Commonwealth Scientific and Industrial Research Organisation, and lowering the thresholds for research and development tax deductions,

    (iii)to generate employment by phasing out payroll tax, introducing tax incentives for new employees in small businesses, setting up a Small Business Loans Insurance Corporation, requiring superannuation funds to invest 1 per cent of funds in Australian venture capital funds and research and development syndicates, and investing more in public infrastructure, and

    (iv)to support regional Australia by setting up regional economic development organisations as proposed by the Kelty taskforce, increasing infrastructure spending in the regions, and taking measures to address petrol price disparities between city and country.