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Passenger motor vehicle manufacturing plan



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T f e DEPARTMENT OF INDUSTRY AND COMMERCE « S i t INCLUDING THE AUSTRALIAN CUSTOMS SERVICE

News Release News Release IMMEDIATE RELEASE 22 May 1984 35/84

PASSENGER MOTOR VEHICLE MANUFACTURING PLAN

The Minister for Industry and Commerce, Senator John Button, announced today that four of the five participants in the Motor Vehicle Manufacturing Plan had reported a local content achievement for the calendar year 1983 of at least the required level.

One participant, Nissan Motor Manufacturing Company Australia Pty Ltd, had failed to achieve the required level and duty on excess imports had been levied. ' *

On 9 August 1983 the Minister announced that exchange rate variations should be taken into account in calculating whether penalty duties should be applied to circumstances of local content shortfall.

After adjustment for these variations Nissan achieved the required level and therefore penalty duties were not imposed.

The Minister said Plan participants are required to achieve and maintain a local content level of 857,. In return the Government provides duty concessions on imports of components for use as original equipment in the production of passenger motor vehicles. He said the local content achievement of the five Plan participants had been reported as follows:

Australian Motor Industries Ltd

Company Average 85.107=

(Corolla, Corona)

Ford Motor Company of Australia Ltd

Company Average 35.007.

(Laser, Meteor, Telstar, Falcon, Fairlane, LTD)

General Motors-Holden's Ltd .

Company Average 89.757=

(Gemini, Camira, Commodore, Holden)

Mitsubishi Motors Australia Ltd

Company Average

(Colt, Sigma)

86.837,

Nissan Motor Manufacturing Company Australia Pty Ltd_________________

Company Average 83.017= *

(Pulsar, Bluebird)

Note: After recalculation using "lagged" exchange rates Nissan achieved a company average of 85.357=

The following additional details are supplied in respect of calender year 1983:

. Aggregate value of production under the Plan

- $2,748,443,305

. Aggregate value of components imported duty free

under concessional arrangements for Plan producers achieving 857= local content

- $469,906,751

. Aggregate export credits acquired and used in achieving

reported content .

- $6,958,532

. Aggregate export credits earned and used in achieving

reported content

- $86,281,377 ‘

. Aggregate export credits carried forward to 1984

- $3,209,587

. Aggregate export credits carried back from 1984

- Nil

The Minister also said that, if available, additional aggregate information would be supplied on request providing confidentiality of companies involved in the Plan was protected.

CANBERRA

May 1984

Contact: Ray Blackmore (W) 72 4028

(H) 86 1120