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Thursday, 26 September 1974
Page: 1479

Senator MAUNSELL (Queensland) - I ask the Minister for Primary Industry (Senator Wriedt) in which part of the Bill there is the guarantee that all monies collected from the wool growers will go to the Australian Wool Corporation? If at some time in the future funds build up and a revolving fund is required, will the records be kept, particularly amongst the wool brokers and others who sell the wool, of the amounts that have been collected from individual growers? If there is to be a revolving fund that is to operate at some stage in the future, surely records will have to be kept of the payments made by individual growers. I do not think that it would be fair, if we reach a stage at which sufficient funds have been built up to operate a marketing system, for the levy to be cut off, particularly if it is in a time of high prices. It means that those people who paid the levy in times of low wool prices, when they could ill afford to do so, would have set up a scheme which is to benefit those people receiving the higher wool prices at a later stage. I ask the Minister to answer those questions.

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