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Wednesday, 9 March 1977
Page: 9

Mr Kevin Cairns (LILLEY, QUEENSLAND) -I give notice that on general business Thursday No. 15, 1 shall move:

That, acknowledging that the Federal system is the most appropriate to Australia's needs, and that a government committed to centralist and socialist policies is not in accord wilh the interests of Australians, this House is of the opinion that the manifestation of that federalism through economic federalism needs to:

(   1 ) be fair and just as between the Commonwealth and the States;

(2)   take account ofthe effects of export and manufacturing industries in each State and their contribution towards supporting the taxable capacity for each state;

(3)   acknowledge the net value added to real wealth through the industry of each State;

(4)   take account ofthe differential effects of monetary policy in each State and the role played by State controlled banks and financial institutions; and

(   5 ) take full account of the taxable capacity of each State if and when the States levy their own income tax: and these principles of economic federalism can only hope to find fulfilment within a predominantly free enterprise society.

Australian Assistance Plan

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