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Temporary assistance authority report on fixed resistors



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FOR PRESS 77/148 BACA

TEMPORARY ASSISTANCE AUTHORITY REPORT . . . . ON FIXED RESISTORS ■

The Minister for Industry and Commerce, Senator

Robert Cotton, and the Minister for Business and Consumer

Affairs, Mr. W a l . Fife, today announced that the Government

had decided to introduce import restrictions on certain fixed

resistors. This followed Government consideration of the

Temporary Assistance Authority's report on Fixed Resistors ,V '

in which the Authority found that urgent a ction is necessary

to protect the local industry. .

. The Ministers said that the restrictions would apply

to imports of fixed resistors falling within tariff item

85.19.6. Import licences will be determined on the following

basis:

(a) for the six month period from today's date

the base for the purposes of determining

importers' entitlements shall be one unit of

import quota for each unit purchased or

irrevocably committed for delivery, from

Australian production prior to the close of

that period;

(b) for the period from six months to eighteen

months after implementation, the base shall

be one unit of import quota for each two

units purchased or irrevocably committed for

delivery, from Australian production prior to

. the close of that period.

Proposed imports covered by irrevocable commitment

as at 22 September 1977 will be allowed entry on special

2. Φ

licences valid, for a period of 60 days from today's date.

In addition, goods in transit or in bond will be allowed

entry against special licences provided that such goods are

entered for home consumption within 21 days of the date of

this announcement in the case of goods in bond, or within 21

days of arrival in the case of goods in transit.

. The Ministers also said that import licences will

be transferable between individual importers under certain

conditions.

The administrative changes arising from the

Government’s decision will be announced by Customs Notice

when arrangements to implement them have been finalised.

Copies of. the Authority’s report will be

available at Australian Government Publishing Service retail

bookshops in each of the capital cities in the near future.

CANBERRA, A.C.T.

;i

f

10 November, 1977.