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Keating's forestry concept outdates current resource security bill



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JOINT STATEMENT

SHADOW MINISTER FOR PRIMARY INDUSTRY, BRUCE LLOYD, AND SHADOW MINISTER FOR THE ENVIRONMENT, FRED CHANEY

KEATING'S FORESTRY CONCEPT OUTDATES CURRENT RESOURCE SECURITY BILL

The Government has finally moved in the right direction by agreeing to adopt regional plans to allow the development of pulp mills and value adding timber mills, and to give full faith and effect to environmental assessments carried out by the States.

This makes the resource security Bill which is due to be debated this week outdated.

The Government's foreshadowed procedures, if genuinely implemented, would provide a satisfactory basis for both large and small projects.

The Coalition has been telling the Government for months now that it must have either project specific legislation to endorse agreements between a State and an investor or endorse approved regional plans.

"If it does this the Coalition will support the legislation and investors can go ahead knowing the Commonwealth will no longer interfere.

The current Bill is a disaster. Mr Keating's statement shows that he knows what has to be done. He should scrap the old Hawke legislation and really get investment flowing into the forest industry which has enormous potential to provide jobs in regional areas, create exports and replace imports.

END 26/2/922

COMMONWEALTH PARLIAMENTARY LIBRARY MICAH