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Tuesday, 19 August 1980
Page: 410


Mr Willis (GELLIBRAND, VICTORIA) asked the Treasurer, upon notice, on 31 March 1980:

What was the ratio of income payable overseas on foreign investment in enterprises in Australia to the total net inflow of foreign investment into enterprises in Australia for each year since 1949-50.


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

The ratio of income payable abroad on foreign investment in enterprises in Australia to the total net inflow of foreign investment in enterprises in Australia for each year since 1949-50 is set out in column (3) of the table below.

In examining the figures shown in column (2) of the table it should be noted that income payable abroad on foreign investment in enterprises in Australia for any period (column (1 )) is a measure, in money terms, of the return to foreigners on their total stock of investment in enterprises in Australia in that period, whereas the net inflow of foreign investment in enterprises in Australia for any period (column (2)) is basically a measure of the change in the stock of foreign investment in enterprises in Australia in the period in question. This means that figures in column (3) represent, for each period, a comparison of the return on the total stock of foreign investment in enterprises in Australia with the change in' that stock. Accordingly, I do not consider that any meaning can be ascribed to these figures.







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