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Tuesday, 28 August 1973
Page: 492

Mr Lynch asked the Minister for Secondary Industry, upon notice:

In respect of the Australian Industry Development Corporation, will he indicate (a) the number and value of shares it holds in publicly listed companies, (b) the number and value of shares it holds in liOnlisted companies, (c) the number and value of loans outstanding and the record of repayment in each case, (d) the rate of interest charged on each loan, (e) the total amount of overseas borrowings and the interest paid to overseas lenders, (f) the salaries of employees including its executive director and (g) details of the contracts with all staff.

Dr J F Cairns - The answer to the honourable member's question is as follows:

(a)   to (e) The Australian Industry Development Corporation reports annually to the Government, giving such information as is required or appropriate in accordance with the provisions of the AIDC Act. These reports are tabled in Parliament. A feature of AIDC's operations is that it is not required or expected to give more detail of its business dealings and affairs than is fully consistent with its role as a commercial operation of similar standing to a public company. The latest information on the activities and affairs of the Corporation is contained in the Corporation's Second Annua] Report relating to the year ending 30 June 1972. The Report has been tabled in the House and copies are available in the Parliamentary Library.

(f)   Details of the remuneration of the Corporation's Executive Chairman are as set out in the

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