Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download Full Day's HansardDownload Full Day's Hansard    View Or Save XMLView/Save XML

Previous Fragment    Next Fragment
Friday, 26 May 1972
Page: 2207

The CHAIRMAN - Is leave granted? There being no objection, leave is granted. (The document read as follows):



Senator BISHOP - The Labor Party does not believe in a wage freeze. We are in agreement with the processes of conciliation and arbitration, but conciliation is of primary importance. The policies we would implement if we became the government are well known; but in today's atmosphere, with a Liberal Government, we are saying that conciliation should not be restricted in the way that is proposed. Of course, the reason why such Acts are being placed on the statute book has been stated from time to time by the Minister and by the Prime Minister (Mr McMahon). In his second reading speech the Minister stated.

Then there is the danger to the economy from the wage-induced inflation associated with industrial unrest.

This can pose a long-term threat to economic growth, the balance of payments and full employment. This wage induced Inflation derives from industrial unrest brought about by union militancy and by employers who are unable or not prepared to resist union tactics and claims. Together, these are important factors in the acceleration of prices that has occurred in recent years.

How can anybody justify a Bill designed to achieve this objective with a provision to increase the salary of one classification not related to the statutory officers as a group - an increase of over $4,000 a year?

Suggest corrections