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Government decision: acetyl products and oxo alcohols, butyl acetates, etc



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BACA

DEPARTMENT OF BUSINESS AND CONSUMER AFFAIRS

GOVERNMENT DECISION: ACETYL PRODUCTS AND 79/85

0X0 ALCOHOLS. BUTYL ACETATES. ETC..

The Minister for Business and Consumer Affairs, Mr Ual. Fife, and the Minister for Industry and Commerce, Mr Phillip Lynch1 announced today the Government1s decision on the Industries Assistance Commission reports on Acetyl Products and on Gxo Alcohols, Butyl

Acetates, Etc. ,

The Ministers said the Government had accepted the I AC recommendations that most goods under reference be made dutiable at 25 per cent. "

In reaching its decision, the Government had accepted the . Commission's assessment that a duty rate of 25 per cent would provide. appropriate long-term assistance for the inter-related products of the acetyls complex, and for oxo alcohols, phihalic anhydride and plasticizers.

The Government had noted the Commission's comment that the relationship within the two main groups of chemicals under reference were such that the question of assistance should be considered for each group1 rather than for individual products.

The Government had therefore decided that the general rate of . duty of 25 per cent should be extended to apply to a small number of . closely related products but which are not currently manufactured in Australia. These products could be entered under by-law if they satisfied normal by-law criteria until production commenced in Australia

The Government had accepted the Commission's recommendation that acrylic monomers used in the manufacture of paints and lacquers be . dutiable at 25 per cent so as to avoid substitution for vinyl , . acetate monomer. ‘

The Commission's recommendation that assistance should .not .be accorded the production in Australia of cellulose acetate moulding compounds had also been accepted. . . .

The Commission's report will, be available from Australian Government Publishing Service bookshops in each of the capital cities.

CANBERRA A.C.T. 5 June 1979.