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Thursday, 17 August 1972
Page: 206


Senator COTTON (New South WalesMinister for Civil Aviation) - in reply - The remarks made by Senator Little were appropriate and very much to the point. I do not think that there is any need for me to advert to them further. It is important to the confidence of industry that there be no undue delay in the passage of this legislation. Any uncertainty caused by a delay in research in industry is a particularly important matter to a country such as Australia which has great resources but which is small in population and which needs to build up substantial quantities of extra managerial and research skills. Some companies are already spending substantially on the assumption that they will be getting Government support under this Bill and planning is already going ahead for a programme into 1973 and onwards in which a great number of people are engaged. A lot of expensive research work is being undertaken. Research programmes, as honourable senators know, are not jobs that can be turned on and off. They are long term jobs. They need to be sustained. Uncertainty is a particularly bad thing.It is therefore necessary to finalise this legislation as soon as possible in order to give the companies concerned confirmation of there being a continuing incentive towards research. The previous incentive expired in June 1 972.

For the reasons I have outlined, the Government does not feel that there is any case to be made for the amendment which has been foreshadowed by Senator Willesee. The delay would be unconscionable. It would set back the research programmes and be harmful to industry. I do not really think that I am going to help anybody by engaging in a great speech on this matter. That is the principal point involved. With that point being made and without going into greater detail on the matter.I now ask that the question be put.

 

 

 

Question resolved in the affirmative.

Bill read a second time.







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