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Bounty assistance for manufacturers



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BACA

DEPARTMENT OF BUSINESS AND CONSUMER AFFAIRS BOUNTY ASSISTANCE FOR MANUFACTURERS 79/29 '

The Minister for Business and Consumer Affairs, Mr Wal. Fife, today urged manufacturers to make certain uhether or not they are eligible for bounty assistance in the production of their goods.

The Minister said he was concerned that some manufacturers whose production might be eligible for such assistance did not appear to be aware of the current bounty legislation. Employment could be suffering because of this. .

Government assistance for the manufacturing of certain goods, is given in the form of cash payments according to volume of production as opposed to other methods of protection from imports such as the Customs Tariff. .

"My Department administers 11 different Bounty or Subsidy Acts covering a wide range of goods", Mr Fife said.

"There may be cases where lack of awareness of the assistance the Government has made available to industry is restricting production and employment opportunities".

Mr Fife said the Bounty or Subsidy Acts administered by the Department were: . .

Agricultural Tractors Bounty Act 1966 ' Automatic Data Processing Equipment Bounty Act 1977 Bed Sheeting Bounty Act 1977 Book Bounty Act 1969

Bounty (Commercial Motor Uehicles) Act 1978 Bounty (Drilling Machines) Act 1978 .

Bounty (Metal Working Machine Tools.) Act 1978 Bounty (Polyester Cotton. Yarns) Act 1978 Metal Working Machine Tools Bounty Act 1972 Nitrogenous Fertilizers Subsidy Act 1966

Phosphate Fertilizers Bounty Act 1963

The Minister said it was vital for Australian industry to step up its efforts in supplying the needs of markets at home and abroad and to use all technology, resources and skills to produce for these markets.

Bounties were one means the Government was making available Lo encourage industry to achieve these aims.

Mr Fife urged all manufacturers who felt they might be eligible for assistance under any of the bounty or subsidy schemes to inquire from their nearest Collector of Customs.

CANBERRA, A.C.T. ·

15 February 1979 . .

For further information: Trevor Wright - 724513 i , . A .H . - 950901