Territory Stories

Parliamentary record : Part I debates (11 November 1986)



Parliamentary record : Part I debates (11 November 1986)


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




Made available by the Legislative Assembly of the Northern Territory





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Northern Territory Legislative Assembly

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Attribution International 4.0 (CC BY 4.0)

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Legislative Assembly of the Northern Territory



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DEBATES - Tuesday 11 November 1986 amazing in terms of his lack of any understanding of fiscal matters. Let me cover his crazy little statements on housing. According to him, the Territory government is responsible for a great downturn in housing. Not once did he mention the policies of his federal colleagues. He is a member of the Territory Branch of the Australian Labor Party. Labor Party policies have brought about the highest interest rates this country has seen. The federal government has introduced the capital gains tax and negative gearing and that has resulted in a complete cessation of private investment in housing. The policies have prevented people investing in housing and have created a great shortage in rental accommodation and building. The high interest rates that have resulted from the federal government's policies have prohibited the average family man from purchasing his own house. There are 3 small things that have destroyed the housing industry in this country, and they are starting to rub off in the Northern Territory. The first is the Hawke Labor government's policies, the policies of the opposition's party. But, no, the member for Stuart said that it was our fault. Mr Ede: You cannot handle it. You should resign. Mr MANZIE: What a load of rubbish! The member should be ashamed even to mention the fact that there are problems with housing resulting from his party's policies. What a shameful attitude! Mr Speaker, he waffled on about great losses of government money through investment in projects. This government is extremely proud of the fact that it has encouraged the Sheratons, the Yulara project and the development of casinos, because Mr Ede: You didn't encourage them; you paid for them. Mr MANZIE: That is a load of rubbish, and you know it! But that does not worry you, because .. Mr Ede: You guaranteed the lot. Mr SPEAKER: Order! Mr MANZIE: The member likes to talk rubbish. He believes that, if he throws enough of it around, some of it will stick but the people in the Northern Territory are not stupid. However, as a result of those investments in the Territory, about 5800 jobs have been created directly and indirectly. To employ that number of people in the public service would cost the taxpayers $110m a year. By this means, for the outlay of less than $25m, direct and indirect employment has been created for 5800 people. There is a population growth of between 12 000 and 14 000 which creates demand for educational services, health services, housing, and all sorts of things. The members of the opposition are not interested in those facts. They come up with stupid figures, completely out of context, and demonstrate their total lack of fiscal understanding. The reason why we have ongoing development in the Territory, and are able to create 7 times more jobs a year than we have young people leaving school, is because we have created an 824