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Tuesday, 26 November 1974
Page: 2809

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

The Customs Tariff Bill now before the Senate proposes amendments to the Customs Tariff 1 966- 1 973. The Bill, which operates on and from 1 July 1974, introduces complete new Schedules to the Customs Tariff. The new Schedules contain tariff changes arising from the 25 per cent tariff reduction introduced on 19 July 1973 and the adoption by the Government of recommendations made in reports by the Tariff Board, the Special Advisory Authority and the Industries Assistance Commission. All of the changes in the Bill were implemented by Customs Tariff Proposals and have been in operation for some time. In view of the magnitude of the Bill and the numerous reports involved, I do not propose at this stage to detail at length the contents of each of those reports. However, I have had prepared a comprehensive summary setting out the nature of the changes in duty rates and the origin of each of the amendments contained in the Bill. This summary is now being circulated to honourable senators and I feel sure will be of assistance to them during the ensuing debate.

The Bill also covers changes to the Schedule of goods included in the New Zealand-Australia Free Trade Agreement together with changes resulting from the revised and expanded system of tariff preferences for imports from developing countries which came into effect on 1 January 1974. In addition several minor changes of an administrative nature are incorporated in the Bill. I commend the Bill.

Debate (on motion by Senator Greenwood) adjourned.

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