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Industries Assistance Commission report on tyres



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INDUSTRIES ASSISTANCE COMMISSION REPORT ON TYRES 77/42

(Joint Statement by the Minister for Industry and Commerce, Senator Robert Cotton, and the Minister for Business and Consumer Affairs, Mr John Howard)

The Minister for Industry and Commerce, Senator

Robert Cotton, and the Minister for Business and Consumer Affairs,

Mr John Howard, announced today that the Government had decided

that, pending consideration of the report of the Industries

Assistance Commission on Tyres, the substantive rate of duty to

apply from 28 April 1977 to passenger car, utility, truck and bus

tyres will be 25% or, if higher, $0.27 per kg General, 16% or,

if higher, $0.18 per kg Preferential.

The Ministers said that a temporary additional duty

of 10% or, if higher, $0.10 per kg has applied to t these tyres

since 15 January 1975 following acceptance of the Temporary

Assistance Authority's findings made in its report of 2 January

1975. Under the provisions of the Industries Assistance Commission

Act, the temporary duties had to terminate within 3 months after

the Commission's report had been received by the Government.

The Ministers said that this interim arrangement, ■

which effectively extends the present level of duties, will apply

until the Government makes a decision on the long term assistance

to be provided for the industry.

CANBERRA, A.C.T.

27 April 1977