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Tuesday, 15 October 1974
Page: 1710

The PRESIDENT -Is leave granted? There being no dissent, leave is granted. (The document read as follows)-

Mr President,the Bill now before the Senate seeks to implement the Government's decision to adopt a recommendation of the then Tariff Board that assistance by way of bounty be afforded the manufacture in Australia of sealed unit compressors of 1.5 kW or less. The recommendation is contained in the Board's report of 10 October 1973, on domestic appliances, heating and cooling equipment etc. Honourable senators will recall that the report advocated also a reduction in the rate of duty on sealed unit compressors of 1.5 kW or less from 43.125 per cent to 25 per cent. An appropriate amendment to the Customs Tariff has operated since 4 February 1974. On and from that date and until 3 February 1976, this Bill provides that a bounty of $5 each be paid on sealed unit compressors of 1.5 kW or less. Capacity of the local market is estimated at 400,000 units annually and bounty ceiling is confined by the Bill to $2m per annum with provision for the rate per unit to be proportionately decreased if the total of valid claims should exceed the annual ceiling. There are 3 Australian manufacturers of this type of compressor, the largest of whom has a substantial export market and is undertaking expansion and further mechanisation of production facilities. The steps being taken by the Government are intended to rationalise this manufacture.

The Bill further provides that to receive bounty a compressor must be produced and sold by the manufacturer during a bounty period for use as a refrigeration component in the manufacture of other goods that are subsequently used in Australia. Other provisions of the Bill are those normally included in similar legislation to ensure the proper disposal of public funds. I commend the Bill to honourable senators.

Debate (on motion by Senator Withers) adjourned.

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