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OECD - international agency review of Australia's energy policies



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COMMONWEALTH PARLIAMENTARY LIBRARY MICAH

MINISTER FOR RESOURCES SENATOR PETER C

PIE 89/140C 16 May 1989

OECD - INTERNATIONAL AGENCY REVIEW OF AUSTRALIA'S ENERGY POLICIES

The latest International Energy Agency Review of Australia's energy policies reports that our oil industry is now one of the most liberal in the IEA, the Minister for Resources, Senator Cook, said today. .

He was commenting on the release of the OECD-IEA review for 1988 of Australia's energy policies and programs.

"I note that the review reports that 'in the current circumstances, excise tax on crude oil production and other taxation arrangements seem appropriate to continue encouraging exploration and development of resources'.

"I also note that the review criticises rail freight regimes such as those imposed on coal operators by the Queensland Government.,

"It says that 'there is now much debate about whether, in the present export market conditions, these government charges are bearing too heavily on the coal industry as they are not totally cost-related.'

;"The review also points out that the Government has made {substantial progress in deregulating the Australian energy •sector to make it more responsive to market conditions," Senator Cook said.

"The thrust of the review's comments supports the Government's policy that competition, reinforced where necessary by Government initiatives, should be a major driving force that will determine the development of Australia's energy resources.

"The Government will continue pursuing macro - and micro - economic policies which are targetting costs and facilitating structural adjustment so that our energy resources are more efficiently exploited, taking into account broad community concerns," Senator Cook said.

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"The process of restructuring in which our energy resource * industries are now engaged would be assisted by the elimination of barriers to energy trade in other OECD countries.

"We will be drawing attention to this issue at the biennial meeting of the IEA Governing Board at Ministerial Level on 29-30 May in Paris."

For more information and copies of the report, contact Mr John Campbell on (062) 724955

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