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Thursday, 11 November 1976
Page: 2659

Mr Eric Robinson (MCPHERSON, QUEENSLAND) - I move:

That the Bill be now read a second time.

This is the second of the measures required to give effect to the obligations Australia will have under the Agreement on Trade and Commercial Relations with Papua New Guinea. The Agreement requires that the incidence of sales tax on goods produced in Papua New Guinea should be no greater than that on like Australian products. This equality is provided in the present sales tax except for one group of products for which exemption is limited to the Australian products. This group comprises cordials, concentrates and food flavourings containing not less than 25 per cent Australian fruit juice, or its equivalent in concentrated form, and non-alcoholic beverages consisting wholly of Australian fruit or vegetable juice.

The Bill will provide for a corresponding exemption for juice products produced in Papua New Guinea from juices of that country. A minor amendment is proposed to the exemption provision for works of art produced in Australia or abroad by Australian artists to reinforce the established interpretation under which exemption is applied to all works of art produced in Australia and to those produced abroad by Australian artists. This Bill will also ensure that works of art produced in Papua New Guinea will be exempt as required by the agreement. It is also proposed to make a number of other amendments which are of a drafting nature only and do not affect the operation of the present Act.

The Bill is to come into operation on a date to be proclaimed, the intention being that it will operate from a date which will coincide with the date on which the Agreement comes into force. A memorandum explaining the provisions of the Bill in detail is being circulated for the information of honourable members. I commend the Bill to the House.

Debate (on motion by Mr Innes) adjourned.

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