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Tuesday, 10 August 2004
Page: 25981

Senator BROWN (1:26 PM) —Another way of putting the question is: could the minister take the committee through what happens if this parliament, a year from now, decides that it wants to increase the local content rule so that Australian content has to go up by five per cent? If a bill that is obviously in breach of the free trade agreement goes through this parliament, what happens? Does nothing happen or is Senator Nettle right, which appears logical, that financial—

Senator BROWN —I will come to it in a little while. The question is: can the minister walk the committee through what happens under those circumstances and how the US ensures that Australia does not get to increase its local content?