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Tuesday, 1 October 1974
Page: 1497

Senator MURPHY (New South WalesAttorneyGeneral and Minister for Customs and Excise) - I move:

That the Bill be now read a second time.

Mr President,the Bill now before the Senate seeks to extend the Nitrogenous Fertilisers Subsidy Act 1966-1973 for a period of 12 months to 31 December 1975 pending inquiry and report on the subsidy by the Industries Assistance Commission. This intention was announced by the Prime Minister (Mr Whitlam) on 10 June 1974.

The Commission is required to report on the reference by September 1975 after which the Government will decide on assistance beyond 3 1 December 1975.

The Government recognises the regional importance of nitrogenous fertilisers to sugar producers, horticulture and other rural industries. Because many materials used in the manufacture of these fertilisers are imported and subject to price increases outside the control of local manufacturers, it is desirable to cushion the effects on Australian users until the Commission has reviewed the situation. I commend the Bill to honourable senators.

Debate (on motion by Senator DrakeBrockman) adjourned.

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