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Car package.

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- MEDIA RELEASE - SENATOR THE HON. ERIC ABETZ Deputy Leader of the Opposition in the Senate Shadow Minister for Innovation, Industry, Science and Research

Media enquiries: Brad Stansfield 0419 884 666 1

A08104 10 th November 2008

Car package

The Coalition is very supportive of Australia’s car industry but we are fearful that by the time this package kicks in the industry will be gone as a result of Labor’s bungling.

This package fails to address the biggest crisis currently facing the car industry - namely, the credit crisis, its devastating effect on car dealers, and the flow-on effect to local manufacturers.

The simple fact is, unless the credit bungle is addressed there will be no local car industry.

This is on top of Labor further driving down sales with the ill-conceived Luxury Car Tax, which has seen sales in the segment fall by 17 percent this financial year.

It is notable that the only money being delivered this year is to assist sacked workers - how does this help the industry which is in need of immediate support?

We will examine the full detail of the package over coming days - we have learned with this Government that the devil is always in the detail.

This policy is extraordinarily light-on for detail - for example there is no detail on how much of the Green Car fund will be available each year; no detail on grants processes; no detail on how the structural adjustment scheme will work; no detail on how the Innovation Council will work - and the list goes on.

It is extraordinary that after almost a year in office the Government is unable to provide such basic details about its much heralded assistance package.