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Friday, 3 December 1976
Page: 3219

Mr YATES (Holt) -I give notice that at the next sitting I shall move:

That this House-

(1   ) Congratulates the Prime Minister, the Treasurer and the Government on altering the Australian currency rate by 17½ per cent, swiftly, sufficiently and in secret in order to preserve Australia's international trading position and the nation 's foreign exchange held by the Reserve Bank;

(2)   Applauds the fact that most Australian mining, manufacturing and rural industries will become more competitive in world markets;

(3)   Calls on the Government to persevere with its policy to restructure company and personal income tax in order to avoid penalising overtime, efficiency, profit and business success; and

(4)   Therefore express its confidence in the Government's integrity to reduce inflation and to seek the co-operation of all sections of the community and, in particular, of trade unionists who understand both the wage rate structures and the employment situation at this critical time of national economic recovery.

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