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Earthmoving, construction and materials handling equipment etc.



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PRESS STATEMENT NO.718 8 ) ,z

18 February 1974 V / - ' v-v

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e a r t h m o v i n g , c o n s t r u c t i o n a n d m a t e r i a l s ' h a n d l i n g e q u i p m e n t e t c . ; \, ' ι*.,.Γ

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«Ï„ΑΊ·Î·Î½Î·Î‘Î¥\4- * β"·· '

The Prime Minister, Mr Whitlam, today announced the 'Government's';: , , decision on the Tariff Board's report on Earthmoving, Construction ■ χ Α and Materials Handling Equipment, Etc. The Prime Minister stated that ?·"'

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the Government had accepted the Board's recommendations, with some - minor rate adjustments arising from international commitments, Λ, - ASA

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The report covered a wide range of earthmoving, construction .< . . ?. ' . . r · and materials handling equipment including attachments and parts • v :V\· " , » ' - : The Government's decison to implement the Board's recommendations i V

will mean that for the more important products the following rates <ζ : V of duty will apply : for loaders and backhoes 40%; . for cranesr>20% . ; : ; to 35% (the lower rate applying to cranes with a working, weight in . c · ■ -IV·'

: ■ excess of 50 tonnes); engine propelled forklift trucks 30% (with ,·-> V'-fW/; the existing alternative specific rate being phased out in two stages

■ ; · . over five years); for road rollers and road making machinery 30%; hoists, pulley tackle ^nd other lifting devices 30% to 40%; conveyors'■,%‘v — . - - - - _ - - - - * - ' - - - -- l ir 40% but reducing to 20% and 30% over 3 years; lifts and escalators '30%.'?; 5V

. Although the Tariff Boards report was signed after the -i; $ \ Government's announcement on the 25% tariff cut the existing dutiesCiAvU*:* referred to in the report are those applying before the reduction. ?' v Consequently, although the Board's recommended rates are in some v,f &

cases lower than the rates applying before the 25% tariff cuts when X

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compared with the rates actually operating since the tariff cuts, the1 ■ rates on some products will now have been increased. · r rcX

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Furthermore, importers may also encounter increased duties in certain circumstances, for example, higher duties could result, from y the abolition of the tariff preferences which British goods have enjoyed. In some cases Britain is the main source of competition to\ the local industry. •■•vr i .

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Mr Whitlam said that details of the Customs tariff changes? arising from the Government's decision will be announced when . · , administrative arrangements to implement them have been finalised:r V , , ϊ' 1 · ■ > : V f '· ,■ : ·â–  < CANBERRA. A.C.T.