Footnotes
[1] The Department of Agriculture Fisheries and
Forestry also appeared with the Department of Foreign Affairs and Trade. Both
provided a joint submission to the Committee.
[2] An ex-gratia compensation payment was paid by
the federal government in 1991 and 1992. This is discussed from paragraph 2.21
of the report.
[3] The Australian Wheat Board moved from being a
statutory marketing authority to a grower controlled corporation (AWB Ltd) in
July 1999. Further detail is included at paragraph 2.6.
[4] Department of Foreign Affairs and Trade and
Department of Agriculture, Fisheries and Forestry, Submission 5, p. 5. Other companies, namely Bonlac Food Ltd, Kraft
Foods Ltd, John Shearer Ltd, Westpac/Australis Irrigation Pty/Ltd and National
Australia bank/Anchor Foods Ltd were owed US$18.9 million when Iraq defaulted
on its debts, of which US$2.6 million was uninsured.
[5] AWB Ltd, Submission
4, p. 8
[6] This joint submission is simply referred to as the
'joint submission' for the remainder of the report.
[7] Department of Foreign Affairs and Trade and
Department of Agriculture, Fisheries and Forestry, Submission 5, p. 6
[8] The Wheat Marketing Act 1989 came into effect on 1
July 1989. The new provisions deregulated the domestic market and established an
industry fund imposing compulsory levies on growers.
[9] AWB Ltd is the parent company of AWB International,
which is solely responsible for the marketing of Australian wheat to overseas
markets.
[10] AWB Ltd, Submission
4, p. 3
[11] Department of Foreign Affairs and Trade and
Department of Agriculture, Fisheries and Forestry, Submission 5, p. 5
[12] AWB Ltd, Submission
4, p. 6
[13] AWB Ltd, Submission
4, p. 6
[14] AWB Annual Report 1987-1988, p. 13
[15] AWB Annual Report 1988-1989, p. 16 and AWB Annual
Report 1989-90, p. 10
[16] AWB Ltd, Transcript
of Evidence, Canberra, 23 February 2005, p. 7
[17] AWB Ltd, Submission
4, p. 6
[18] AWB Ltd, Submission
4, p. 5
[19] Department of Foreign Affairs and Trade and
Department of Agriculture, Fisheries and Forestry, Submission 5, p. 7
[20] AWB Ltd, Submission
4, p. 5
[21] AWB Ltd, Transcript
of Evidence, Canberra, 23 February 2005, p. 7
[22] AWB Ltd, Submission
4, p. 6
[23] AWB Ltd, Submission
4, p. 8
[24] AWB Ltd, Transcript
of Evidence, Canberra, 23 February 2005, p. 6
[25] Department of Foreign Affairs and Trade, Transcript of Evidence, Canberra, 23
February 2005, p. 15
[26] EFIC correspondence dated 23 May 2005
[27] EFIC correspondence dated 23 May 2005
[28] Department of Foreign Affairs and Trade and
Department of Agriculture, Fisheries and Forestry, Submission 5, p. 8
[29] Department of Foreign Affairs and Trade and
Department of Agriculture, Fisheries and Forestry, Submission 5, p. 8. Ricegrowers' Co-operative Ltd, Bergerco and WA
Meat Exports also received payments with a combined total of almost $1.9
million.
[30] AWB Ltd, Transcript
of Evidence, Canberra, 23 February 2005, p. 8
[31] Hon. Simon Crean, House of Representatives Hansard,
14 October 1991, p. 1803
[32] The Paris Club is comprised of 19 nations that
meet to find solutions to debtor nations' debt problems. Its members are
Australia, Austria, Belgium, Canada, Denmark, France, Finland, Germany, Ireland,
Italy, Japan, the Netherlands, Norway, Russia, Spain, Sweden, Switzerland,
United Kingdom and the USA. South Korea also participated in the agreement with
Iraq.
[33] Department of Foreign Affairs and Trade and
Department of Agriculture, Fisheries and Forestry, Submission 5, p. 1
[34] Department of Foreign Affairs and Trade and
Department of Agriculture, Fisheries and Forestry, Submission 5, p. 6
[35] Department of Foreign Affairs and Trade and
Department of Agriculture, Fisheries and Forestry, Submission 5, p. 7
[36] Department of Foreign Affairs and Trade and
Department of Agriculture, Fisheries and Forestry, Submission 5, p. 3
[37] AWB Ltd, Transcript
of Evidence, Canberra, 23 February 2005, p. 9
[38] Entitlement to the debt owed under the contract
is not legally divisible, so could therefore not be proportionally split, as a
legal entitlement, between AWB and EFIC. However, as part of the terms of AWB's
agreement with EFIC, EFIC agreed to pass to AWB 20 per cent of any debt
recovered.
[39] See WAFarmers, Submission 3 and Wheat Growers Association, Submission 2. The WGA represents the interests of AWB Ltd A-class
shareholders, but its members are overwhelmingly based in WA.
[40] WAFarmers, Transcript
of Evidence, Perth, 22 February 2005, p. 22
[41] WAFarmers, Submission
3, p. 14
[42] WAFarmers, Submission
3, p. 3
[43] WAFarmers, Submission
3, p. 17
[44] Wheat Growers' Association, Transcript of Evidence, Perth, 22 February 2005, p. 47
[45] Wheat Growers' Association, Transcript of Evidence, Perth, 22 February 2005, p. 46
[46] Wheat Growers' Association, Submission 2, p. 2
[47] WAFarmers, Transcript
of Evidence, Perth, 22 February 2005, p. 32
[48] AWB Ltd, Transcript
of Evidence, Canberra, 23 February 2005, p. 4
[49] WAFarmers, Transcript
of Evidence, Perth, 22 February 2005, p. 23
[50] WAFarmers, Transcript
of Evidence, Perth, 22 February 2005, p. 33
[51] AWB Ltd, Transcript
of Evidence, Canberra, 23 February 2005, p. 13
[52] GCA's policies are reached after consultation
with its six member organisations: Agforce Grains, NSW Farmers, VFF Grains,
SAFF Grains, WAFarmers and AWB Ltd.
[53] WAFarmers, Transcript
of Evidence, Perth, 22 February 2005, p. 20
[54] Grains Council of Australia memo dated 16 July
1993, p. 5. See PGA of WA evidence, Transcript
of Evidence, Perth, 22 February 2005, p. 2.
[55] Grains Council of Australia memo dated 16 July
1993, p. 5. See PGA of WA evidence, Transcript
of Evidence, Perth, 22 February 2005, p. 2.
[56] AWB Ltd, Transcript
of Evidence, Canberra, 23 February 2005, p. 7
[57] Pastoralists' and Graziers' Association of WA, Transcript of Evidence, Perth, 22
February 2005, p. 2
[58] Grains Council of Australia memo dated 16 July
1993, p. 5. See PGA of WA evidence, Transcript
of Evidence, Perth, 22 February 2005, p. 2.
[59] Pastoralists' and Graziers' Association of WA, Transcript of Evidence, Perth, 22
February 2005, p. 7
[60] Wheat Growers' Association, Transcript of Evidence, Perth, 22 February 2005, p. 56
[61] AWB Ltd, Transcript
of Evidence, Canberra, 23 February 2005, p. 6
[62] Wheat Growers' Association, Transcript of Evidence, Perth, 22 February 2005, p. 51. The EEP
(Export Enhancement Program) is a US export subsidy program.
[63] AWB Ltd, Transcript
of Evidence, Canberra, 23 February 2005, p. 6
[64] Grains Council of Australia memo dated 16 July
1993, p. 5. See PGA of WA evidence, Transcript
of Evidence, Perth, 22 February 2005, p. 2.
[65] AWB Ltd, Submission
4, p. 10
[66] Pastoralists' and Graziers' Association of WA, Transcript of Evidence, Perth, 22 February
2005, p. 15
[67] AWB Ltd, Transcript
of Evidence, Canberra, 23 February 2005, p. 23
[68] AWB Ltd, Submission
4, p. 8
[69] Wheat Growers' Association, Transcript of Evidence, Perth, 22 February 2005, p. 55
[70] Wheat Growers' Association, Transcript of Evidence, Perth, 22
February 2005, p. 62
[71] WAFarmers, Transcript
of Evidence, Perth, 22 February 2005, p. 24
[72] Leon Bradley, PGA of WA Grains Chairman, PGA of WA media release, "GCA/WAFF
agreed to Iraqi terms in 1993 – PGA", 29 June 2004
[73] Pastoralists' and Graziers' Association of WA, Transcript of Evidence, Perth, 22
February 2005, p. 17
[74] Grains Council of Australia, Submission 1, p. 3
[75] AWB Ltd, Transcript
of Evidence, Canberra, 23 February 2005, p. 5
[76] ABC rural news online, Wheat exporters pursue money owed from Iraqi sales, www.abc.net.au/rural/news/stories/s1120557.htm,
accessed 16 December 2004
[77] Keith Perrett, GCA President, GCA news release, "Wheat producers
misinformed over Iraq payment defaults", 26 July 2004
[78] Department of Foreign Affairs and Trade, Transcript of Evidence, Canberra, 23
February 2005, p. 19
[79] WAFarmers, Submission
3, p. 7
[80] Grains Council of Australia, Submission 1, p. 4
[81] WAFarmers, Submission
3, p. 7
[82] Grains Council of Australia media release, Grains Council welcomes Iraq initiative,
2 June 2004
[83] WAFarmers media release, Future of Iraqi market seen as a priority, June 2 2004
[84] Wheat Growers' Association, Submission 2, p. 4
[85] Wheat Growers' Association, Submission 2, p. 4
[86] Wheat Growers' Association, Submission 2, p. 4
[87] Grains Council of Australia, Submission 1, p. 1
[88] This became the case after the legal assignment
of the debt in 2004.
[89] Department of Foreign Affairs and Trade and
Department of Agriculture, Fisheries and Forestry, Submission 5, p. 12
[90] Letter from GCA to Prime Minister dated 9
December 2004, GCA Submission 3, p. 7