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Wednesday, 31 May 1972
Page: 3410

Dr Everingham asked the Minister for Trade and Industry, upon notice:

(1)   What percentage of the Government's financial assistance as (a) grants and (b) loans for research and development are at the disposal of private enterprises with discretion reserved for such enterprises as to the proportion of the assistance they use in research aimed at stimulating demand, increasing consumption and accelerating absolescence.

(2)   Will he consult with appropriate State authorities regarding the possibility of providing incentives to industry to reduce artifically stimulated consumption, to retard obsolescence and to encourage waste re-cycling.

Mr Anthony - The answer to the honourable member's question is as follows:

(1)   In so far as grants to industry provided under the Industrial Research and Development Grants Act is concerned eligibility for a grant is confined to those Australian companies which carry out systematic experimentation or analysis in the fields of science, engineering and technology; with the objective of acquiring or applying knowledge that may be of use for devising or developing new or improved products or processes.

To May 1972 the Commonwealth Government has provided $38m to companies for industrial research and development

With the exception of loans that may be made available by an agency of the Commonwealth Banking Corporation the Commonwealth does not provide loans to industrial or mining companies for research and development activities.

(2)   There are no arrangements at present to consult with State Authorities regarding the possibility of providing incentives to industry to reduce artificially stimulated consumption; to retard obsolescence and encourage waste recycling.

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