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Wednesday, 11 December 1974
Page: 3366

Senator GUILFOYLE - I direct my question to the Minister for the Media. I refer to the answer given to Senator James McClelland in regard to funds for the Australian Film Development Corporation. Does the Minister recall the discussion I held with Mr Stacey, a member of the Corporation, during Senate Estimate Committee hearings in respect of financial arrangements for the forthcoming year? Does the Minister also recall that I pressed the question as to whether the amount of $364,000 represented a reduction in support to the Corporation for this year and that he assured me that all outstanding commitments of the Corporation would be covered because of the revolving fund which was in existence? Does the amount of $450,000, which the Minister has now mentioned will be made available to the Corporation, represent a new program for the Corporation in this year?

Senator Douglas McClelland (NEW SOUTH WALES) - I cannot remember all the details of the discussion that took place at the Senate Estimates Committee hearings but I think the honourable senator will remember that I did mention at one of the hearings that I had reached an arrangement with my colleague the Treasurer, Mr Crean, that should the level of investment finance available to the Australian Film Development Corporation fall to such an extent that the Corporation could not invest to the same degree as it invested last financial year in Australian produced films, he would give sympathetic consideration to any application that I might make to him on behalf of the Corporation to top up its investment fund in order to enable it to invest to the same extent it was able to invest last financial year. As a result of the passage of the Film Commission Bill not being secured in this chamber I made approaches to my colleague the Treasurer requesting him to consider sympathetically the topping up of the investment fund of the Corporation. It is as a result of those representations to my colleague the Treasurer that he has agreed to another $450,000 being made available to the Corporation this year having in mind the flow off that comes from its present cash investments to enable it to invest in Australian feature film productions at the rate of investment which it undertook last financial year.

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