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Government decision: IAC report on continuation of temporary assistance for gearboxes, gears and shaft couplings



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BACA

DEPARTMENT OF BUSINESS AND CONSUMER AFFAIRS

GOVERNMENT DECISION: IAC REPORT ON CONTINUATION OF TEMPORARY

ASSISTANCE FOR GEARBOXES. GEARS AND SHAFT COUPLINGS

79/128

The Minister for Business and Consumer Affairs, Mr Ual. Fife, and the Acting Minister for Industry and Commerce, Mr Ian Macphee, announced today the Government decision on the continuation of temporary assistance to the production in Australia of certain industrial gearboxes, gears and shaft couplings.

The Ministers pointed out that temporary assistance, in the form of additional duties bringing the total duties on these goods to 35 per cent, uas already being provided until 12 October 1979, following a decision last year on a report from the Temporary Assistance Authority.

Further, the Industries Assistance Commission uas required to report not later than 22 December 1979 on the long term assistance needs of this industry.

The Government had, therefore, decided that the appropriate course uas to maintain the present assistance level on all goods under consideration during ' the short intervening period. This uas in accordance with the dissenting view contained in the Commission's report.

The Ministers noted that the Commission had expressed the view that industries should have access to temporary assistance only if there would be serious damage without it. The Government had noted, however, that adoption of the Commission's recommendations would have resulted in implementation for a very limited period of three different rates of duty instead of one, after which the rates would again be subject to review.

, The benefits, if any, of such a course of action would, in the Government's view, be outweighed by the disadvantages, even if the Government accepted the Commission's views on appropriate levels of assistance to this industry.

Copies of the Commission's report will be available shortly from Australian Government Publishing Service Bookshops in all State capitals.

CANBERRA, A.C.T.

7 September, 1979

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