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Thursday, 27 September 1973
Page: 1602

To the Honourable, the Speaker, and the members of the House of Representatives, in Parliament assembled.

The petitioners of the undersigned respectfully showeth:

That the following legislation already enacted, in process of enactment, or to be enacted, namely that involving:

(1)   the removal of those sections of Income Tax Law allowing for concessions and deductions as incentive to public equity capital subscription;

(2)   the restrictions governing the participation of foreign companies in Australian oil and mineral exploration, development and operation;

(3)   the privileged position of a National Petroleum and Minerals Authority has created and will continue to create a situation wherein professional and skilled Australian citizens are being denied the opportunity of employment in the service of the Australian Mineral Industry, by reason of the dramatic reduction in funds available to the Industry as a result of decisions promulgated by the Government in conformity with the above legislation.

Your petitioners most humbly pray that the House of Representatives in Parliament assembled should consider cancellation, repeal, revision or modification of enacted and proposed legislation to recreate a framework of policy within which the Mining Industry might fund and pursue actively the exploration and development of Australia's mineral resources along lines that will guarantee both proper usage and conservation of resources and also a dominant role for Australian-owned Companies in such development.

And your petitioners, in duty bound, will ever pray. by Mr Collard and Mr Katter.

Petitions received.

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