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Thursday, 9 December 1971
Page: 4629


Mr Hayden asked the Treasurer, upon notice:

(I)   What was the amount of (a) direct overseas investment, classified as (i) undistributed income and (ii) other and (b) portfolio investment, which

Australia gained in each year from and including 1950.

(2)   What proportion of total overseas investment was each of these amounts.

(3)   What proportion of total investment was overseas investment in each of those years. .

(4)   What was the rate of growth in (a) total investment, (b) local investment and (c) overseas investment (i) expressed as the figure for one year over the previous year, (ii) for the 10-yearly periods 1950-59 and 1960-69 and (iii) for the full period of 20 years.

(5)   Can the figures supplied in answer to parts (1) to (4) be related to sectors of industry.

(6)   What has been the proportion of overseas control of each sector of Australian industry for "each of the years from 1950.

(7)   What has been the gross profit rate, after tax, for (a) all industry and those sections which are (b) locally controlled and (c) overseas controlled.

(8)   What percentage of gross profits after tax has been retained for (a) industry overall and also those sections which are (b) locally controlled and

(c)   overseas controlled.

(9)   In relation to part (8) can details be given - to show, in each case, the retained profits expressed as a percentage of new investment.

(10)   In relation to parts (6) and (7) can he give the rates of growth (a) annually, (b) for the 10- yearly perods 1950-59 and 1960-69 and (c) overall

(11)   'What was the (a) amount and (b) rate of growth in return on overseas investment paid 'to overseas investors (i) annually, (ii) for the 10- yearly periods 1050-59 and 1960-69 and '(c) overall.'

(12)   What was the return on overseas investment paid to overseas investors expressed as a percentage of the inflow of new investment (a) annually, (b) for the 10-yearly periods 1950-59 and 1960-69 and (c) overall.


Mr Snedden - The answer to the honourable member's question is as follows:

Within the limitation of the resources available to me and the many other competing claims upon those resources, it has not been possible, within the time available, to provide the very considerable amount of information which would be needed to answer this question fully while at the same time setting out in detail the important qualifications whch would be required in respect of many .aspects of such an answer. The matter will however be further pursued during the period while the Parliament is adjourned, and if the honourable member would care to have the question, restored to the Notice Paper at the commencement of the Autumn Session an attempt will then be made to provide an answer to it. .







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