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Wednesday, 13 November 1985
Page: 2064

Senator CHANEY —My question is addressed to the Minister representing the Prime Minister. In view of Australia's mounting economic difficulties, will the Government take urgent action by, firstly, approaching the Australian Conciliation and Arbitration Commission to suspend the incorporation into individual awards of the 3.8 per cent national wage case decision until these flow-ons have been discounted for the price effects of the devaluation; secondly, indicating that it will argue at the next wage case for a full discounting, irrespective of whether the actual amount exceeds the 2 per cent deal reached between the Government and the Australian Council of Trade Unions; thirdly, informing both the Arbitration Commission and the ACTU that it is opposed to the 3 per cent productivity deal proceeding until at least the current balance of payments and currency difficulties have eased substantially and; fourthly, seeking the incorporation into the wage indexation guidelines of a new principle, namely, that there should be full discounting for the price effects of devaluations?

Senator BUTTON —There are four parts to the question addressed to me by the Leader of the Opposition. The answer to each of them is no.