Debate resumed from 12 October, on motion by Mr Willis:

That the Bill be now read a second time.

upon which Mr Blunt had moved by way of amendment:

That all words after `That' be omitted with a view to substituting the following words:

`whilst not declining to give the Bill a second reading, the House-

(1) regrets that Qantas has been prevented from selling shares to Qantas employees and the Australian people to provide a capital increase to facilitate expansion of the airline to cope with increasing passengers and freight; and

(2) notes that the Australian Taxation Office has issued a statement on debt defeasance, a procedure adopted by Qantas to finance the acquisition of new aircraft'.