Territory Stories

Parliamentary record : Part I debates (11 November 1986)

Details:

Title

Parliamentary record : Part I debates (11 November 1986)

Collection

Debates for 4th Assembly 1983 - 1987; ParliamentNT; Parliamentary Record; 4th Assembly 1983 - 1987

Date

1986-11-11

Notes

Made available by the Legislative Assembly of the Northern Territory

Language

English

Subject

Debates

Publisher name

Northern Territory Legislative Assembly

Place of publication

Darwin

File type

application/pdf

Use

Attribution International 4.0 (CC BY 4.0)

Copyright owner

Legislative Assembly of the Northern Territory

License

https://creativecommons.org/licenses/by/4.0/

Parent handle

https://hdl.handle.net/10070/220605

Citation address

https://hdl.handle.net/10070/698931

Page content

DEBATES - Tuesday 11 November 1986 All he could say was that he was angry. Quite obviously, he did not understand what the budget papers were all about. One thing he mentioned that I think was a significant contribution to this year's budget was the economic statement. For the first time it gave members, the) media and the general publican opportunity to look at a set of figures, compiled in 1 booklet, which provided a warts-and-all scenario of the current economic status and the projected economic status Mr Ede: What a lot of warts there were. What a sorry picture. Mr COULTER: As I said, we are unashamed of the economic statement. It did not seek to cover or hide any of the facts or issues. I am sorry that I shall have to start picking on the honourable member for Stuart because he is the only one here, and I congratulate him for. his tenacity, resilience and ability to stay behind . Mr Ede: It is woeful. I'm missing out on a good dinner tonight. Mr COULTER: to hold the fort for F Troop. The simple facts are that motor registrations are down. The fringe benefits tax, introduced by Keating, has affected the whole national car industry. Mr Ede: Didn't you know about it? Mr COULTER: We knew about it, and we said in our economic statement that we believed motor registrations would be down 21%. We predicted that. I was ridiculed about the fringe benefits tax by the federal Treasurer. When I said it would cost the Northern Territory $15m, he said: 'Rubbish, the figure is $5m'. When his Treasury people grabbed their figures and my figures and sat down and worked them out, they agreed that it would be closer to $15m. Mr Ede: Bob Collins saved you, eh? Mr COULTER: Bob Collins saved us! Mr Perron: He saved us nothing. Mr Ede: He did, which is more than you did for the Territory. Mr COULTER: We still do not know if there have been any relative savings or not because the whole thing about the introduction of the fringe benefits tax is that the federal government . Mr Ede: You don't understand what he was doing. We can only help you mob just so much. Mr COULTER: The federal government did not know what it was doing. It still does not know what it is doing and, of course, all Australians are now becoming concerned . Mr Ede: I fixed your gold tax. He fixed your fringe benefits tax. Mr COULTER: . that it may not know what it is doing ever again, if it knew in the first place. 872


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