Jason James wrote:
>"John_H" <john4721@[EMAIL PROTECTED]
> wrote in message
>news:hhsc14t0vkoaikki1g1cooenn0n20bekrc@[EMAIL PROTECTED]
>> Jason James wrote:
>> >
>> >Nahh, paper-plane, then throw it at the petrol tax-man. It was Hawkey
who
>> >tied our petrol pricing thru taxes "to the rest of the world" IIRC
to"not
>> >let Australians get a valuable resource too cheaply,..as it doesn't
>promote
>> >frugality of petrol use" It wasn't exactly word for word, but Hawke
did
>say
>> >something like that whilst PM.
>>
>> No he didn't!
>>
>> Parity pricing was introduced in 1978. The PM was Malcolm Fraser.
>>
>> http://www.aph.gov.au/library/pubs/rn/2000-01/01RN29.htm
>>
>> "The Hawke Government effectively ended im****t parity pricing of crude
>> oil (which the Fraser Government introduced in the 1978-79 Budget)
>> when it fully deregulated domestic crude oil supply and marketing
>> arrangements on 1 January 1988. Since then, prices of domestic crude
>> oil have reflected world market prices."
>
>He should have stayed in that Memphis hotel. Bugger that bloke bringing
him
>a new pair of strides.
His real reason for introducing im****t parity pricing, which was to
encourage Australian oil exploration, was sound at the time... the
price of oil was so low nobody bothered to keep on looking for more.
The "frugality" issue was merely political spin to justify the changed
excise arrangements (also effected by the Fraser Government). IIRC
Hawke's contribution was the indexation of the excise component (CPI),
subsequently abolished by the Howard Government (to avert the
electoral backlash arising from the GST's perceived effect on fuel
prices).
Nor does the im****t parity pricing introduced by Fraser have any
bearing on today's fuel prices (as is often errroneously claimed,
usually by those who ought know better). Subsequent market
deregulation by the Hawke Government meant that normal parity pricing,
as dictated by market forces, now applies (as it pretty much did prior
to 1978).
--
John H
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