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Wednesday, 1 December 1976


Mr Porter (BARKER, SOUTH AUSTRALIA) asked the Minister for Primary Industry, upon notice:

(1)   What is the purpose of the Market Support Fund maintained by the Australian Wool Corporation.

(2)   How is the Fund financed.

(3)   Are records of individual growers' levy payments maintained; if so, for how long are these records kept.

(4)   What is the present balance of the Fund, and what would be the possible state of the Fund if the Corporation was to sell its entire stockpile of wool in 1976 at current market prices.


Mr Sinclair - The answer to the honourable member's questions are as follows:

(   1 ) The primary purpose of the Fund is to meet any losses incurred as a result of maintaining the reserve price operations at wool auctions since the floor price policy was introduced in the 1974-75 season. Until the scheme is terminated it is provided that any money standing to the credit of the Fund may be used by the Australian Wool Corporation for the purchase of wool in the performance of its functions or in the payment of advances to growers, the marketing of whose wool has been delayed by reason of the exercise of the powers and functions of the Corporation, or it may be invested.

(   2 ) The Fund is financed by a tax of 5 per cent on the gross sales value of shorn wool sold. In addition, there is payable into the Fund any income derived from the investment of money standing to the credit of the Fund; interest received on advances to growers; interest on moneys standing to the credit of the Fund and used by the Corporation for the purchase of wool.

(3)   Yes. The Australian Wool Corporation receives information from the Commissioner of Taxation and arrangements have been made by the Corporation with the National Council of Wool-Selling Brokers of Australia for each broker to maintain a full record of tax deducted from account sales. Private buyers of wool and other dealers provide the Corporation with monthly lists of their transactions containing an identification of names and addresses of growers with whom they deal in wool. These records will be maintained until a decision is taken on the disposal of any final balance remaining to the credit of the Fund.

(4)   The balance of the Market Support Fund at 31 October 1976 was approximately $36.5m. A hypothetical assessment of the possible state of the Fund, if the Corporation was able to sell the entire stockpile of wool it had purchased under the stockpile arrangement, at current market prices, requires a range of further assumptions to be made. The question therefore requests an answer to a set of hypothetical circumstances. If the Corporation were to sell the total inventory before the end of 1976 at current prices, the credit balance in the Fund would be possibly of the order of $90m. Assuming, in addition, the continuation of the existing wool tax until June 1977, the revenue from the wool taxplus interest earned on money standing to the credit of the Fund could produce a hypothetical balance of some $135m by 30 June 1976.

Aircraft Movements at Brisbane Airport (Question No. 1420)


Mr Jull (BOWMAN, QUEENSLAND) asked the Minister for Transport, upon notice:

(   1 ) How many aircraft movements, by aircraft type, were there at Brisbane Airport during each of the years 1974-75 and 1975-76?

(2)   What revenue did these movements represent to the Commonwealth, by way of landing charges?

(3)   Which international airlines used Brisbane Airport in 1974- 75 and 1975-76, and what were the total movements by each airline?


Mr Nixon - The answer to the honourable member's question is as follows:

(1)   Statistics for aircraft movements by aircraft type for Brisbane Airport during each of the years 1974-75 and 1975- 76 are as follows:

 

 

(2)   Air navigation charges for domestic airline scheduled operations are levied on a flight basis and the charge covers both the use of airport facilities at each end of theflight and the use of en route navigation aids and communications services. A flight charge also applies to international operations, but this again covers en route and communications services as well as the use of the Australian airport facilities. There is no simple method of separating the component parts of the charge for scheduled airline services, but it is estimated that airline payments for landings and take-offs at Brisbane in 1975-76 amounted to $4. 9m. Charges for general aviation aircraft are in the form of an annual fee. No estimate can be made of the revenue from these charges which is attributable to the use by these aircraft of Brisbane Airport.

(3)   International Airlines using Brisbane Airport and total movements by each airline:

 







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