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Tim Fischer on Outlook 92 Lower Wool tax prediction welcomed long winded ministerial after dinner speeches not welcome



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T im Fischer mp Federal Member for Farrer

Leader of the National Party of Australia

Shadow Minister for Energy and Resources COMMONWEALTH PARLIAMENTARY LIBRARY

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MiCAH

TIM FISCHER ON OUTLOOK 92

LOWER W OOL TAX PREDICTION WELCOMED

LONG WINDED MINISTERIAL AFTER DINNER SPEECHES NOT WELCOME.

Comments made by David Clarke, Chairman of the Australian Wool Realisation Commission in response to my question on Wool Tax are particularly good news for hard pressed wool growers, Federal Leader of the National Party, Tim Fischer said today after attending further sessions at ABARE's Outlook Conference in Canberra.

"I specifically asked that, 'given the $206 million worth of sales by the Commission to date, how far is it ahead of budget now and is it likely to be by the end of the season and secondly, what prospects, would that lend to responsibly lowering the punitive level of Wool Tax, currently set at 12% '?

"In his response, David Clarke said the Commission was substantially ahead of budget but it was difficult to predict exactly what those figures would be by the end of June, with many factors being involved.

'Equally the Wool Council of Australia will probably be justified in seeking an additional portion of the Wool Tax in all the circumstances, and this needs to be kept in mind.

'M r Clarke went on to say that he will be recommending to the Minister a lower Wool Tax so far as the Realisation Commission is concerned, but he would not put an exact figure on how much lower it should be for the next selling season.

"These comments by David Clarke reflect the improved situation and also the fact that the original 12% wool tax level was not justified as the Coalition has pointed out many times."

Mr Fischer said he hoped that common sense will prevail at the next round of meetings and recommendations due in a couple of months's time to set the Wool Tax for fiscal year 92/93.

POSTSCRIPT.

Mr Fischer pointed out that the Outlook Conference Annual Dinner, noted for its informality and opportunity to mix, was altered in format this year to include a formal speech by the Minister for Primary Industries and Energy, Simon Crean.

Mr Fischer said in fairness to the Minister, the sound system was inadequate but notwithstanding this, most people judged the speech too long, wrong in content and failing to provide real, positive vision at this critical stage."

ENDS 5 February 1992

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