House debates Questions without Notice
Automotive Industry
Ian Macfarlane Groom, Liberal Party, Minister for Industry
2:24 pm
The amount of money taken out of the car sector was $1.23 billion by the Labor Party, two tranches of $400 million out of the green car fund and then finally the coup de grace of $430 million out of the Cleaner Car Rebate Scheme—$1.23 billion taken out by that government. We know, just to finish the industry off, they introduced a $1.8 billion fringe benefits tax, which drove sales, including Holden's, through the floor.
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