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Thursday, 26 September 1974
Page: 1480

Senator WRIEDT (Tasmania) (Minister for Agriculture) - I will reply as briefly as possible to the last point that Senator Maunsell has raised. An industry levy is to be imposed as the result of an offer made by the industry. The levy was not the result of an approach made by the Government. I want to make it clear that there is no suggestion of the industry having this levy imposed on it involuntarily. Senator Maunsell also asks where this matter is dealt with in the legislation. I thought that I made myself clear when I indicated that the manner in which this legislation comes forward is such that there will be further amendments required to it in regard to supply management, trading powers of the Corporation and the establishment of a separate account. At this stage I can only give the honourable senator an assurance that this is what the Government is doing. It is because of the need to have legislation passed to impose the 5 per cent levy that this is being done in conjunction with the legislation for the 2.75 per cent research and promotion levy. I cannot explain the matter in any more detail than that.

The only other point that the honourable senator raised was in relation to individual grower accounts. I do not profess to be able to answer that because that is a matter of accounting procedure which the Australian Wool Corporation will exercise in its judgment. I have no doubt that it will exercise that judgment responsibly.

Question put:

That the amendment (Senator Maunsell's) be agreed to.

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