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Thursday, 29 November 1973
Page: 2270

Senator YOUNG (SOUTH AUSTRALIA) - Is the Minister for Primary Industry aware that over the last 3 years, in South Australia alone, primary producers have expended some $32m on the use of superphosphate which, without the bounty, would have cost them an extra $ 1 8m? Is the Minister aware and is it a fact that the price of sulphur could rise by as much as 50 per cent next year and the price of phosphate rock by between 30 per cent and 40 per cent? In view of already increased costs in the phosphate industry, such as for labour and the effects of the removal of the investment allowance, coupled with the expectation of other increased costs, will the Minister give consideration to increasing the superphosphate bounty and so assist the primary producer to counter increased costs in this very important item of his production?

Senator WRIEDT - I have stated on numerous occasions on behalf of the Government that the question of fertiliser subsidies is subject to review. The 2 Acts which currently, apply to fertiliser bounties do not expire until the end of next year. The Government has indicated that it will examine the effect of subsidies during 1974. 1 appreciate the point made by Senator Young. It is true that these costs are increasing. These are factors which the Government will take into account when it makes its review of the bounty payments.

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