Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download Full Day's HansardDownload Full Day's Hansard    View Or Save XMLView/Save XML

Previous Fragment    Next Fragment
Tuesday, 6 November 1973

Senator MURPHY -It is difficult to imagine how the honourable senator has got all these things mixed together. The Government's viewpoint on the operation of multi-nationals has been set out in many statements. The Senate Select Committee on Foreign Ownership and Control made an interim report, which was unanimous for the most part with some dissent on certain aspects, setting out certain principles. Basically, I think the Government's attitude follows the general drift of that report and the other statements which have been made from time to time by members of the present Government when in Opposition. They have been to the effect that the approach that is taken by other countries is to judge the effect of the presence of multinationals and whether their presence should be encouraged by the test of whether it is in the national interests. You look also at the matter of transfer of know-how by the various operations in this country, and that is the golden test. Of course, some rules are needed to work this out. This is a most important matter of detail which can hardly be disposed of in answer to a question during question time. The Government has set out ground rules; it is setting out further ground rules on the operations of multi-nationals. It is doing much the same as other countries are doing. I think the people of Australia generally, as well as those concerned in commerce, are better pleased that Australia has a government which is facing up to the problems and which is prepared to say what it thinks in regard to the conditions under which multi-nationals will be permitted, encouraged or tolerated in their operations in this country.

Suggest corrections