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Government's $650m tax grab from petrol not necessary



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P A R L I A M E N T O F A U S T R A L I A G.P.O. BOX B68. PERTH, W.A. 6001

H O U S E O F R E P R E S E N T A T I V E S

COM M O NW EALTH PARLIAM ENT OFFICES

ST M ARTINS TOWER 44 ST GEORGE S TERRACE PERTH. W .A. 6 0 0 0 TEL. 325 4 00 5 , 3 2 5 4 3 2 5

W IL S O N T U C K E Y , M .P .

M E M B E R FOR O ’C O N NO R O PPO SITIO N S P O K E S M A N FOR S M A L L B U S IN E S S A N D A D M IN IS T R A T IV E SER VICES

There was never any doubt that the big spending Hawke Government would succumb to the lure of extra tax revenue when confronted by the devaluation oriented parity pricing decision said Federal MP Wilson Tuckey today.

There is every opportunity for Government to diverse its revenue raising activities from the basic and economically sensible principles of Petroleum Parity Pricing. . .

As a pure taxing measure the Government has added approximately '* 3 cents a litre to fuels by way of its automatic indexing of excise arrangements. This represents a 40% increase in . . two years compared with previous excise which took over

40 years to reach 7 cents/litre. This 3 cents has also been charged to farmers and fishermen who were previously refunded all excise by Liberal Governments.

Maintaining world parity prices to Australian oil producers is obviously necessary to encourage exploration and maintain a high level of self sufficiency in Australian oil production, but had the Government included in its decision the proposal

to remove its own excise increases then the increase could have been contained to approximately one cent/litre and Government revenue would have been also increased by say $150m.

23 April 1985

PRESS RELEASE

GOVERNMENT'S $650M TAX GRAB FROM PETROL NOT NECESSARY - TUCKEY

THE ELECTORATE OF O 'C O N N O R covers th e fo llo w in g local governm ent areas 1 Beverley, 2 B oddm gton 3 Brookton, 4 B room ehill, 5 Br.uce Rock, 6 Carnam ah, 7 Coorow, Θ C orrigm . . 9 Cranbrook. 10 C ubafling. 11 C underdin, 12 D alw alhnu. 13 D ow enn, 14 D um bfeyung. 15 G eraldfon, 16 G now a n g eru p . 17 G oom alhng, 18 G reenough. 19 Irw in . 20 Je rr am ong up, 21 K atanning 22 K eller h e rn n. 23 Kent, 24 Kojonup. 25 K ondm in, 26 Koorda, 27 Kuhn, 28 Lake Grace. 29 M e rred in,

30 M ingenew , 31 Moora. 32 M t M a rsha ll, 33 M u km tiu d in 34 N aiem been. 3b N arropin (Town and Shire). 36 N orthern (Town and Shire), 37 N ungarm 38 R erenion. 39 Ptngelly, 4 0 Plantapenet, 41 Q uairading 42 Tam bellup. 43 Tam m m , 44 Three Springs, 45 Toodvav. 46 Traynmg 47 V ictoria Plains 4 8 W apm , 49 W andering 50 W est A rth u r, 51 W ickepin, 52 W illiam s. 53 W ongan-B allidu.

54 W oodanilhnp 55 W yalkatchem , 56 York. .

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2.

I am deeply concerned for the farming sector in particular as regards this latest increase as it represents an approximate $5,000 increase in fuel charges for a typical wheatgrower.

It is now up to Government, but unless it is prepared to accept that farmers can no longer meet such taxes on the right to plant a crop and increase the rebate on excise, then it can rest assured that Australian overseas trade will be further reduced by restricted wheat plantings

and that will mean further devaluation.