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Tuesday, 7 December 1971
Page: 4255

Mr Barnard asked the Treasurer, upon notice:

Has any progress been made by his Department in the publication of a White Paper on overseas investment in Australia, since the Prime Minister, when Treasurer, replied to my question without notice on this subject on 29th May 1969 (Hansard, pages 2452-3).

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

As the Prime Minister suggested in his reply, as Treasurer, to the honourable member in the House on 29th May 1969, the question of the publication by the Treasury of Supplements to the Treasury Information Bulletin is reviewed from time to time. Preparation of these documents is dependent on available manpower resources and the claims of competing tasks in the Treasury.

The Prime Minister's reply referred to did not indicate that a Treasury paper on overseas investment in Australia would be set in preparation. The honourable member will be aware that in September 1969 detailed statements on overseas investment in Australia were made by the then Prime Minister and the then Treasurer.

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