Ian Macfarlane (Groom, Liberal Party, Minister for Industry) Share this | Hansard source

in this House the challenges that face industry in Australia. This government recognises that it is an extraordinarily difficult time. We know that as a result of the announcement yesterday the face of industry in Australia will be changed forever. But this transition has been coming for some time and no-one on that side of the House can deny that fact. We are in a competitive market; our dollar has been high. This government, from the day it was elected, began a broad considered response to the industry needs in terms of increasing the value of its production and moving it to areas where we are competitive rather than producing a commodity in a world market where we simply are not able to compete any longer.

Mr Watts interjecting—

See this speech in context