PM Transcripts

Transcripts from the Prime Ministers of Australia

Fraser, Malcolm

General Election

Photo of Fraser, Malcolm

Fraser, Malcolm

Period of Service: 11/11/1975 to 11/03/1983

More information about Fraser, Malcolm on The National Archive website.

Release Date: 04/02/1983

Release Type: Media Release

Transcript ID: 6011

The Governor-General has today dissolved both Houses of the Parliament in preparation for the General Election to be held on 5 March 1983.

Writs for the House of Representatives elections and for the Senate elections in the Territories are being issued by the Governor-General today. The States have been asked to take complementary action for the election of the State Senators.

The closing date for nomination for both Houses will be 19 February 1983.

 

Transcript 6011

The Death of the Rt Hon Francis Forde

Photo of Fraser, Malcolm

Fraser, Malcolm

Period of Service: 11/11/1975 to 11/03/1983

More information about Fraser, Malcolm on The National Archive website.

Release Date: 28/01/1983

Release Type: Media Release

Transcript ID: 6003

Australians will be sorry to learn of the death of a former Prime Minister, the Rt. Hon. Francis Michael Forde. Frank Forde was Federal Member for Capricornia from 1922 to 1946, and he also served in the Queensland State Parliament.

During the Second World War, he was Minister for the Army. He was also the Prime Minister of Australia for a short period in 1945 following the death of John Curtin, and he was the Deputy Leader of the Federal Parliamentary'Labor Party for fourteen years. He was the last serving member of the Scullin Ministery, and is remembered for his kindliness and compassion.

On behalf of the Government and the people of Australia, I extend my sympathies to his family.

Transcript 6003

STATEMENT BY THE PRIME MINISTER-DESIGNATE, MR RJ HAWKE MP

Photo of Fraser, Malcolm

Fraser, Malcolm

Period of Service: 11/11/1975 to 11/03/1983

More information about Fraser, Malcolm on The National Archive website.

Release Date: 08/03/1983

Release Type: Media Release

Transcript ID: 6048

STATEI4LNT B3Y THE P'RIME' MRRLii$ ' iPtF;(; HAi1ALW KE, M. P.
The decision to devaluec tho Australian dollar
has be-en takcni against the balckground of continuing
uncertainty rcgdardirig thc-exchange rate. The incoming
Australian Govcrnmont is det~ ermnined to take all necessary
measureG t o end. this iunceprtainty.
In reaching thir, decision, the incoming government
has been facedl with the utvycnt noed to end the damaging and
destabilising effects of speculation against the dollar
deliberately created by loadling maerbers of the Liberal
Natiorial Party Government.
Both the Prime ministor and his Deputy made
repeated statellejit$-d-llv-tjz! m that. ri~ iy governmeit' s election
would result in a devaluation of the dollar. The
outgoing Minister for Industry and Commerce, Mr Peacock,
went to the ext. remes irreq3-cmsibility by quantifying
a devaluation at-
It iE; difficult to exaggerate the irre! sponsibility
of such statemonts made during the course of an election
By contrast, I c-trcfull y and consi-stently refused to
enter int~ o spo--culation regarding tho exchange rate. Any
other cour.;(-would haive bepn highly irresponsible on the part
of the altornativo-Prime blixili . tcr of Australia, as indeed
it was on the part of anYbody holding or seeking high office
in Australia.

-2-
In such reprehensible circumstances, it was
inevitable that market participants would take the
Appropriate precautionary measures and that speculators
in the market would begin to move funds accordingly.
In the two weeks prior to the election when these
stateme-nts were being made, notifications of capital outflows
from Australia exceeded $ 2,500m. ( See Table.) The effect
of the statements by Ministers and of the capital outflows
was to generate further speculation concerning devaluation.
The magnitude of the capital outflows has been such as to
put considerable pressure on short-term money markets and
on financial institutions, thereby generating significant
increases in short-term interest rates and in some market
Oetermined mediumt-term interest rates. The banking system
in particular has been hit by the outflow of funds and has
been actively bidding for deposits in the marketplace at
high rates of interest.
The incoming Government is concerned about the
persistence of this uncertainty in regard to exchange rates
qver the tax run-down period of the next four months.
Continued uncertainty could lead to further pressure on
interest rates and reductions in the availability of funds
to key sectors of the economy over this period. P/ 1

-3-
InformaLion made ava~ i lablc to thle incoming
Government in the lztt two, d1ayLs has made it clear that the
preiGooue rinon1) ; baiidonmnt of responsible. economic
niinagemeiit went far beoyond the matter of the value of the
currency. Official Treastiry esitimates put the Federal
budget deficit at $ 4.3 b. illion in 1982-83, before allowance
for additional expenditure associated with recent bushfires
and floods. On the bas; is of policies of the previous
Government, prior to the colurncncement of the election
campaign, a-reasury estimates put the budget deficit in
1933/ 84 at $ 9.6 billion. Thujs the persistent indications
from the previous Governme~ nt that the doficit on unchanged
policies wouldI be of the ordet-of $ 6 billion can only be
seen as a deliberate aitte-. mpt to mislead the Australian
people. While accepting the figure of $ 9.6 billion as a
reasonable estimate of the prospective .1983/ 84 deficit as a result
of current Government policies, I 6tress that this is not an
estimate of the deficit which will emerge from new policies.
Treasury forecasts on unchanged policiLes indicate a very weak
economy in 1983/ 84, with at least a further lt decline
in employmont and a considerably higher average level of
unemployment in 1983/ 84 than in the present year. It is
because of this dismal py-ospuct, aind particularly its adverse
impact on receipts, that. their deCicit blow-out is predicted.
The ncw Goverximent will use all instruments of economnic policy
to stimulate the economy, and the prospcctive deficit will need
to re-a!, sessed in this ligjht. The incoming Government will
also vigorously re-exami~ ne the c! xpenditure plans of the Fraser
Government.

-L.
In rcaching lts deci. io thle . ricoming Govornment
has givenl the () cl) sest consideraion Lo both the costs and the
benefits of a devaluation. In addition to eliminating the
pos; sibility of currency indluced tightric! 7s in monetary markets
over the next three or four months, it will ensure that interest
rates will be considerably lower than would otherwise have been
the case. This dlecis. ion will also improve the competitive
posiion of Australian proaucers. it will enable beleagjuered
Australian industries to conmpco more effectively against imports
anid it will erncourage our texport induIstrios to make maximum use
of any world recovery emanatH-ing, In particular, from the
United Stateti' economy. Tn these various ways this decision
should ConLribvte to halting the rise in unemployment.
1he devaluation will, however, increase the cost of goods
imPortQd into Australia and will teiid to incroase the local price
of goods sold in both domestic and export. markets. In the
present cl imate of a detc'. orat. ing e,. conomy, however, these
inflationary offects should be both muted and delayed.
I wish to mako these point-. s clear
* This docision to vary the value of the dollar by za
single discreLe change of isj a decision forced on
the GovornumenL by the unique circumstances of the past
f or tnight. Tt-is not intended to signal-any change in
Government policy in rogard to the setting of the
Australian exchange rate. Vict present exchange rate
PianaiqoeknL regime which has opo~ rated since 1977 will continue.
This single discrete change is ta~ ken only in the ligjht: of the
uiiproccden Led circurn~ stancos facing the new Government
and all subsequent movements i~ n the exchange rate-

Si upwards as well as downwards -will follow the
gradualist approach previously in force.
0in spite of the decision to devalue, it remains the
incoming Government view that the fundamental factors
datermining* the Australian exchange rate remain sound.
The balance of trade has improved substantially during
1982/ 83 and on present. inchianged policy forecaofts,
Cthe Curr ent, Account dcficit should, at worst, be no
higher in 1983/ 84 thaii in 1982/ 83. Indeed, with growing
signs of stronger growth emerging in the international
economy$ Australia's trading position could improve
quite substantially in 1983/ 84. This deciuion
restores Autralia's international competitiveness,
as measured by unit wage costs indexes, to at least
the level provailing i-n 1979/ 80.
* In spite ofl the difficulties which it has inherited,
it is the Governv nt's firm view that any policy to
reaLore the.-econ omy and reduce unemployment over the
rtcediui-term must be associatnd with a falling rate
of infl. ation. The incom~ ing Government will take all
steps necessary to easure that nothing, including the
effects of thir, devaluation, Estands in the way of
the achievemnent of such a decline in inflation.
Canberra, A. C. T.
8 March 1983

ATTACHMENT The Reserve BanT;': s cash sales pf foreign
currency since the beginning of February have been as follow4;
Net Sales
Week to 7 February 72.5
14 February 350.7
21 February 83.1
n 28 February 972.8
1 March 303.7
2 March 405.5
3 March 488.3
4 March 358.0
3034.6
On Monday 7th March net nales by the Bank were
approximately $ 200 million. Thus since Mr Peacock's
devaluation statement on 17 February reserves have fallen
by more than $ 2700 million.

Transcript 6048

STATEMENT BY MR BOB HAWKE

Photo of Fraser, Malcolm

Fraser, Malcolm

Period of Service: 11/11/1975 to 11/03/1983

More information about Fraser, Malcolm on The National Archive website.

Release Date: 06/03/1983

Release Type: Media Release

Transcript ID: 6047

PARLIAME, 4T OF AUSTRALIA
HOUSE OF REPRESENTATIVES PAPIAMNT HU-11
CANBE RA ACT 260r
TEL 721211
STATEMENT BY MR. BOB H FAWKE
His Excellency the Governor-General today asked me to
call on him. During our conversation he informed me
that Mr Fraser had offered his resignation as Prime
Minister. He commissioned me to form a new Government.
I shall be moving to do this as soon as possible. In the
meantime the present Ministry will continue on a caretaker
basis. 6 March 1983

Transcript 6047

STATEMENT BY THE PRIME MINISTER-DESIGNATE, MR BOB HAWKE, M.P.

Photo of Fraser, Malcolm

Fraser, Malcolm

Period of Service: 11/11/1975 to 11/03/1983

More information about Fraser, Malcolm on The National Archive website.

Release Date: 10/03/1983

Release Type: Media Release

Transcript ID: 6046

f ! t PARLIAMENT OF AUSTRALIA
HOUSE OF REPRESENTATIVES
STATEMENT BY THE PRIME MINISTER-DESIGNATE, MBOB HAWKE, M. P.
Departmental Changes
In considering the appropriate departmental structure, I have
borne in mind the need to ensure that:
the priorities of the Labor Government can be given effect'
to readily;
S changes from the existing structure are kept to the
minimum necessary, so that the public service is not
distracted from the important tasks facing it; and
problem areas in the existing arrangements are remedied.
The new departments to be created are:-
S Housing and Construction
S. Special Minister of State
Sport, -Recreation and Tourism.
The following departments will be renamed in view of significant
changes of functions:-
Education and Youth Affairs ( previously Education)
Resources and Energy ( previously National Development
and Energy)
STerritories and Local Government ( previously Capital Territory)
STrade ( previously Trade and Resources)
Transport -( previously Transport and Construction)
The functions of several other departments are also to be altered
in varying degree. The Department of the Vice-President of the
Executive Council will be abolished. / 2
T V o 77

Economic Policy
The Taxation Office will be moved from the Treasurer's
portfolio to the Minister for Finance, MrDawkins.
This will enable the Treasurer, Mr Keating'. ? to concentrate
more closely on overall economic management.
The Treasurer will be responsible for the proposed
price surveillance machinery, and also for the Grants
Commission. Co-ordination of the prices and incomes policy will be
the responsibility of the Minister for Employment and
Industrial Relations ( Mr Willis) With these added
resonibliie isen. ed appropriate to move Youth
Affairs from Employment and Industrial Relations to
Education, to ensure that proper attention can be devoted
to policies affecting our youth.
Industries
The Minister for Industry and Commerce, Senator: Button,
will assume responsibility for the Industries Assistance
Commission and the Australian Industries Development
Co~ rporation thus providing a single portfolio with the
key industry responsibilities. Regional development
will also go to Industry and Commerce.
The Department of Housing and Construction, which was,
abolished by the Fraser Government, will be reconstituted
to provide a focus for policies affecting the housing
and building industries, and housing assistance program.
Responsibility for the important tourist industry will be
a major focus of the new Department of Sport, Recreation
and Tourism. ./ 3

Resources an~ d Energy
The current split of respon sibi li ties for minerals and
resources policies between National Development and
Energy and Trade and Resources is not sensible; it
causes needless confusion and distraction from getting
on with assisting the development of these important
industries. All responsibilities for domestic resources
and energy matters will be consolidated . in a Departmentof
Resources and Energy. The Department of Trade will,
of course, retain responsibility for assisting the private
sector in the development of overseas markets for
our mineral resources as it does for other commodities.
Other Importwcant Changes
The new portfolio of Special Minister of State, under
Mr Young, who will also be Vice-President of the Executive
Council and Leader of the House, will take over electoral
matters and police and protective services and certain other
policy functions from the Department of Administrative
Services, which will be a more clearly focuss'ed ' common
service' department. This change will also enable a greater
concentration on important law enforcement responsibilities.
The new Department of Sport, Recreation and Tourism takes
over responsibility for assistance to sport from Home
Affairs and Environment which, with the addition of
responsibilities for consumer affairs to its arts and
environment functions, can concentrate more closely on
these important areas.
As announced before the election, I will take responsibility
for the Office of the Status of Women, assisted by Senator Ryan.
/ 4
I I

Although the Government will continue the Department of Defence
Support, we have decided the defence science laboratories would
be better located in Defence itself.
The Government has decided that the Territories and important
local government responsibilities of the Commonwealth should
be located with the Department of the Capital Territory, as
a Department of Territories and Local Government. With our
commitment towards self-government in the a department
solely with Capital Territory responsibilities no longer
seems warranted.
Heads of Departments
Because of the processes required by legi-s-la-tion for the
appointment of Heads of Departments-, legislation which the
incoming Government will be reviewing, it is not possible
to make final appointments of Heads of the new Departments
tomorrow: nor to make any other consequent changes that the
Government might have in mind. Acting Secretaries will therefore
be appointed to the new Departments. The Chairman of the Public
Service Board will be asked to report to me on appointments in
accordance with the terms of the legislation and I expect that the
complete list of appointments of Heads of Departments will be
cleared in Cabinet next week. The Acting Secretaries of the new
Departments, in addition to the appointments they currently
hold, will he
Housing and Construction Mr. R. M. Taylor
Special Minister of State Sir Peter Lawler, OBE
Sport, Recreation and Tourism Dr D. F. McMichael, CBE.
Canberra March 1983

9 Deputy Prime Minister, Minister for Trade
and Minister Assisting the Prime Minister
for Cormonwealth-State Relations
Leader of the Government in the Senate,
Minister for Industry and Commerce and
Minister Assisting the Minister for
Communications
P Deputy Leader of the Government in the
Senate and Minister for. Social Security
Minister for Employment and Industrial
Relations and Minister Assisting the
Prime Minister for Public Service Matters
Treasurer Special Minister of State, Vice-President
of the Executive Council and Leader of the
House Minister for Immigration and Ethnic Affairs
Minister for Resources and Energy
Minister for Foreign Affairs
Minister for Education and Youth Affairs
and Minister Assisting the Prime Minister
for Women's Affairs
Attorney-General
Minister for Defence
Minister for Transport
Minister for Primary Industry
. Minister for Aviation and Minister Assisting
the Minister for Defence
Minister for Housing and Construction and
Minister Assisting the Minister for
Industry and Commerce
Minister for Sport, Recreation and Tourism
and Minister for Administrative Services
Minister for Finance
Minister for Health
Minister for Science and Technology
Minister for Communications
Minister for Home Affairs and Environment
Minister for Aboriginal Affairs
Minister for Veterans' Affairs
Minister for Territories and Local Government
and Minister Assisting the Prime Minister for
Community Development and Regional Affairs
Minister for Defence Support R. J. L. Hawke, AC, NP
The Hon. L. F. Bowen, MI
Senator J. N. Button
Senator D. J. Grimes
R. Willis, MP
The Hon. P. J. Keating,
M. J. Young, AMP
S. J. West, NP
Senator P. A. Walsh
The Hon. W. G. Hayden, P
Senator S. M. Ryan
Senator G. J. Evans
G. D. D. Scholes, MP
P. F. Morris, MP
J. C. Kerin, MP
K. C. Beazley, MP
C. J. Hurford, MP
J. J. Brown, NP
J. S. Dawkins, MP
N. Blewett, MP
B. O. Jones, MP
M. J. Duffy, MP
B. Cohen, MP
A. C. Holding, MP
Senator A. T. Gietzelt
The Hon. T. Uren, MP*
B. L. Howe, MP

PcbLln' Ji: Qo H1aur wke' I'l, tou h' 2 Prin*: o tef. j
to ~: uIii t er thc-1 Fepji r t :: c~ tOf the1 P r i2 o. ni S t'o ro
CLIbinet.
The2 11onourable Lionel Fro,); t B~ owen, ~ P to be i ter f or
Trado and to acumnistor the DcpartU , eyi of Trade.
S( nator John INorman l~ thtcn to be MinistejOf Comr-ercc and to admidnislttar the Dt-partxient cil:. Industry! and
Senator Donald Jamesrimes to be Minister for Social
Security and to adminisfer the. DePartment of Sca euiy
Ralph Willis, MP, to be Minister for Employment and Industrial
Relations and to administer the Departmient of Employment arid
Industrial Relations.
The Honourable Paul John Neatirig, VMP, to be Treasurer and
to ad-minister the Department of the Treasury..
michael Jerome Young, MP,-to be-Special Minister of State
and to adzcinister the Department of the * Special Minister
of State.
Stewart John Wes, DN, to be Minister _ f6o ingrto and
Ethnic A'ffairs and to administer the Department of. Irnigration
and Ethnic Affairs.
Senator Peter Alexander WalIsh to be Minister for Resources
and Energy and to administer the Depart-ment of Resources and,
Energy-Toho rbeWlia--n George Hayden, MP, to be-..!. inister for
Foregn Afairs an-oamnse he Department of Foreign
Senator Susan Marep Ryan to be MAinister for Education ane
Youth Affairs and ' to. administer the Department of Education
and. You th Af fairs.
Senator Gareth John Evans to be Attorney-General and to
administer the Attorne-General's Department.
Gordon Glen Denton Scholes, MP,. to be !, in-; ster-. for D--ferncC
and to acdminister the Depart-ment of Defenceñ.
Peter Frederi; ck tMo-rris, IMP, to be Xiristcr fo--r Tranc. r'crL an-.
to administer the DeparL-ment of Tranzncrt. W
, johl. n Charles Kcrin, ittto temin ; st'J'rr ' ram
and to admin-ister the DcLarjtment of ~ ri. r nuty
Kim. Chris-i an Peaz icy, ~ 1, to'he tr~; Va~ 2 i,
to ad!-_ Ii. 1ar the Donartzs ,-nt of A:
Chri~~~ to;~~ her # PI2, nIxiftro i-e Mini sLer for ! u v:;
ir2: r. vL J nd to. t:: uL ; I

oohn JcN -c; in to be 1 i ' tel c t 1~ cri
* St CL: T. t C ' I) Cpa of 1. cCr ' 0 t. T U I 7~~ 2
aind t. hl Pc.-I-rtiment 0C1 . u! uami St-xi C ~ 1J
John Svtdney Yi ns, i to be rla n r; tccrI c1ICc r nd o
adc-mnistc r the DcpLi.-rt-. Ient of IFinayco.
Ncal E. evtt cl to be Minist r fcr a r tt o0 1,
the Departnment of icalth.
Barry Owen Jones, MP, to be Minister for Science and
Technologyand to administer the Department of Science
and Technology.
Michael John Duffy, MP, to be Minister for Cornunications and
to administer the Department of Coimnunications.
Barry Cohen, MP, to be Minister for Home Affairs and
Environment and to administer the Deoartment of Home Affairs
and Envirornment.
Alan Clyde Holding, MP, to be Ministe-r for-Aboriainal
Affairs and to administer the Department of Aboricinal
Affairs. Senator Arthur Thomas Gietzelt to be-Minister for Veterans'
Affairs and to administer the Department of Veterans' Affairs.
The Honourable Thomas Uren, MP, to be Minister for
Territories and Local Government and to administer the
Department of Territories and Local Government.
Brian Leslie Howe, MP, to be Minister for Defence S-ztrort
and to administer the Department of Defence Support.

Transcript 6046

A FINAL MESSAGE TO AUSTRALIANS

Photo of Fraser, Malcolm

Fraser, Malcolm

Period of Service: 11/11/1975 to 11/03/1983

More information about Fraser, Malcolm on The National Archive website.

Release Date: 06/03/1983

Release Type: Media Release

Transcript ID: 6045

PRIME MINISTER
FOR XEFDIA -SNAj6MRH1983
A FIN4AL MSAETO AUSTRALIANS
I congratulate Mr Hawke and the Auetxralian* Labor Party on*
winning the election.
Mr H~ awks has set a nutiber of high goals for Australia in a
time of great economic difficulty around the world. If he and
his party can fulfil the expectations presented to the
electorate then Australia will be advantaged.
Whatever our problems, Australia has been handed to Mr Hawke's
new government in a condition that is equal to or better than
ary other Western country.
Las t night T resigne'd. from the le adership of the Parliamentary
Liberal Party. I r'eaffirm that I will not contest the leadership
of the Party,
I have taken complete responsibility for the timing and conduct'
of the election, and therefore have taken complete responsibility
for the defeat of the Coalition Government.
After a little over seven years as Prime Minister there are many
people I would wish to thank. t cannot name them all here. But.
1 wish to place on rec9rd my deep appreciation for the conitmeit
and effort by Doug Anthony,-my Cabinet, my ministry and the
entire Parliamentary Party to the government of Australia.
I wish to place on record also m anko to my personal staff,*
my Department, and party members i , oughout Australia for their
unceasing support. To the electo.. for their loyalty and overwhelm' 4 ort,
It has been a great honour-and 1. ege to have been Prime
Minister of Australia.
Duri. ng the election T said that what happened to Malcolm Fraser
as an individual was cf no account. T meant that. But what
happenF to Australia, to our way of life and to the kind of
country we leatve our c1; f~ r~ ren is of great an4; 1lasting significance.
The values and principler by which we live, the human relationships
which quide us, and thce values to which we aspire as Liberals will1
not chaage.
I urg. e~ riberals evc-. vywhure o kcep thc fraith.
-~--OP) OCOQCC)~-

Transcript 6045

UNKNOWN

Photo of Fraser, Malcolm

Fraser, Malcolm

Period of Service: 11/11/1975 to 11/03/1983

More information about Fraser, Malcolm on The National Archive website.

Release Date: 06/03/1983

Release Type: Media Release

Transcript ID: 6044

FOR MEDIA SUNDAY, 6 MARCH 1983
I called today on His Excellency the Governor-General to
acquaint him with the results of the election and to tender
my resignation. I advised the Governor-General to send
for Mr Hawke and comniission him to form a Government.
His Excellency asked me to continue as Prime Minister in
a caretaker capacity until the new Government is sworn
and I have agreed. I I

Transcript 6044

INTEREST RATES

Photo of Fraser, Malcolm

Fraser, Malcolm

Period of Service: 11/11/1975 to 11/03/1983

More information about Fraser, Malcolm on The National Archive website.

Release Date: 04/03/1983

Release Type: Media Release

Transcript ID: 6043

FOR MEDIA FRIDAY, 4 MARCH 1983
INIT'REST RATES
Labor's interest rate advertisement today is totally dishonest.
Our policies have enabled interest rates for home owners, home
buyers and small businesses to fall over the past four or five
months. In our last budget we gave significant help to
young home buyers and -1-o home o-wners through our Home Loan
Interest Rebate Schemne. As a result of Government policies,
an extra $ 1,200 million has been directed into the housing
industry. Those facts are irrefutable.
What Labor's advertisement doesn't point out is that interest
rates for home loans and on overdrafts for small business are
regulated. They are regulated because of our concern for the position of
home buyers and small businesses.
I say in categorical and absolute terms because of our
continuing concern those interest rates are not going to be
deregulated. It is Labor's policies that will mean much higher interest
for home owners and small businessmen not our policies.
It is Labor's commitment to spend an additional $ 4,000 million
that will assuredly push interest rates up several percentage
points. 000000ooo

Transcript 6043

LABOR'S POLICIES ARE FALLING APART

Photo of Fraser, Malcolm

Fraser, Malcolm

Period of Service: 11/11/1975 to 11/03/1983

More information about Fraser, Malcolm on The National Archive website.

Release Date: 04/03/1983

Release Type: Media Release

Transcript ID: 6042

PRIME MINISTER
FOR MEDIA FRIDAY 4 MARCH 198 3
LABOR'S POLICIES ARE FALLING APART
This week, the election campaign has focused on the real issues.
And Labor's policies have not stood up to the test.
Labor's policies are falling apart. The rash of contradictions
in recent days show what a fraud those policies really area.
Their prices and incomes policy is supposed to be a strategy
to fight inflation and industrial relations problems. Events
in the last few days have shown not only the policy is
contradictory, but that it is a total fraud. Mr Crean, a
Vice President of the ACTU has revealed that Labor and the
unions have done a secret deal which, if Labor were to win
tomorrow, would give the oil workers an 8 per cent pay rise.
That pay rise would he a pacesetter for wage increases everywhere.
Once more we would have a wage explosion.
So the policy is not a policy to fight inflation and to improve
industrial relations to the benefit of all Australians. It is
a guarantee to the unions that they can grab what they want.
The contradictions in Labor's policies can be seen everywhere.
Mr Keating, last Thursday, claimed that "~ we have not advocated
price control at all". That statement is totally misleading.
It contradicts the prices and incomes policy which says Labor
would set up a pricing authority.
Mr Hlawke claims to be a man of reconciliation. When his policies
were criticised by the Confederation of Australian Industry, the
body representing a large number of employers in key industries,
Mr Hawke abused the organisation by calling them a destabilising
organisation..." How can Mr Hawke claim to be bringing Austral. ians
together when he is so ready to launch a broadside against the
major employers organisation. The list goes on. Labor argues
passionately for Australian ownership of its own resources.
When SHP announced its takeover of the American Company Utah
International, Senator Walsh said " The Labor Party welcomes
BHP's plans to takeover Utah International". That seemed to
be in line with Labor's policy. Yet on Wednesday, Mr Barry Jones
described that takeover as absolutely scandalous 9'
That contradiction is incomprehensible and irrational.
The contradictions in Labor's policies give Australians a plain
message. Labor offers Australians nothing at a time when prudent
and responsible policies are critical.
oooOO0oo---

Transcript 6042

LABOR'S TAX DECEIT

Photo of Fraser, Malcolm

Fraser, Malcolm

Period of Service: 11/11/1975 to 11/03/1983

More information about Fraser, Malcolm on The National Archive website.

Release Date: 03/03/1983

Release Type: Media Release

Transcript ID: 6041

AUST A I. IA t
PRIME MINISTER
FOR MEDIA THURSDAY MARCH 3 1983
LABOR'S TAX DECEIT
Labor's tax advertisemenls are a fraud and a cruel deception.
Not only is Mr Hawke now talking about the possibility of not
giving tax cuts at all, but his advertisements neglect the
fact that a hiyhor marginal tax rate would apply to a very
great number of Australians with modest incomes,
In the August Budget, the Government reduced the standard
rate of tax for people carning up to $ 19,500 from 32½ to
in the dollar.
Under Labor's proposed tax scales, some 2 million people
earning between $ 13,500 and $ 19,500, would have their Lax
rate put back up to 32-in the dollar.
Mr HawkC doesn't propose putting up the marginal rate for
people earning $ 30,000, $ 40,000 or $ 50,000. He went
straight for middle Australians. That would seem a very odd
priority. That would seem a very odd way of creating
incentives.
Every extra dollar those 2N million people earned from
working harder, from working overtime, from getting a
promotion, would be taxed more undor Mr Hawke.
So much for tax cuts. 000---

Transcript 6041

Pages