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Monday, 19 September 1994
Page: 873

Senator GIBSON —My question is directed the Minister representing the Minister for Transport. Further to the disgraceful ANL settlement, which companies, apart from ANL, will benefit from the tax and other concessions given by the government to the shipping industry? What will be the annual cost to taxpayers of such concessions to these companies?

Senator COLLINS —I have already answered the second part of the honourable senator's question twice, that is, that the Treasurer will be providing that specific information to the second part of the question.

Senator Parer —Other companies.

Senator McMullan —He didn't listen to the question.

Senator COLLINS —That is right. In answer to the first part of the honourable senator's question, Senator Parer, the companies that will benefit will be all Australian shipping companies. I pointed out a few moments ago that these arrangements are not in fact exceptional. They have been in place in major maritime nations such as Great Britain for years.