Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Government must reconsider farm equipment assistance decision



Download PDFDownload PDF

2 7 -

MEDIA RELEASE SENATOR FRED CHANEY

LEADER OF THE OPPOSITION IN THE SENATE SHADOW MINISTER FOR INDUSTRY, TECHNOLOGY A N D COMMERCE

COMMONWEALTH PARLIAMENTARY LIBRARY MICAH 29/89

GOVERNMENT MUST RECONSIDER FARM EQUIPMENT ASSISTANCE DECISION

Once again the Government has shown that it is willing to pull the rug from under industry's feet.

The Minister for Industry, Technology and Commerce has always stressed the need for certainty in industry policy.

It is a principle strongly supported by the Opposition.

But in last week's Economic Statement bounties for production of cultivation machinery and harvesters were peremptorily cut.

The industry was given no warning and no adjustment period.

It has become clear that many producers will suffer hardship. Many have accepted orders in the expectation of receiving bounty. They will either have to renegotiate these contracts or absorb losses.

The rules should not be changed in the middle of the game.

Senator Button would agree that certainty is a major prerequisite for investment in manufacturing activity.

Manufacturers have enough unknowns to cope with without having to second-guess Government decision-making.

The Government has promised to introduce new assistance initiatives for the sector.

It should extend payment of bounty until the new arrangements have been put in place.

The sooner the Government acts, the sooner it can save on bounty payments.

PERTH 20 April 1989

Contact: Keith Kessell (09) 325 8179

6513