That this bill be now read a second time.

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 condemns the Government for:

(1) its failure to deliver a budget surplus in 2001-02 after a decade of growth:

(2) its failure to deliver a budget surplus in 2002-03 without breaking previous commitments on defence, roads and working credits;

(3) imposing the cost of a pre-election spending spree on families via higher interest rates and cuts in health and welfare spending;

(4) falsely claiming that cuts to health and welfare payments are needed to fund the war against terrorism and border protection;

(5) wasting $5 billion of taxpayers money by gambling in foreign currency markets through cross currency derivatives;

(6) wasting almost $3.5 billion by failing to manage currency risk on defence spending despite warnings from the Auditor-General;

(7) wasting $31 million on maintenance services for 40 years old helicopters that are years overdue despite a $800 million downpayment;

(8) its failure to recognise the GST as a Commonwealth tax and this Government as the highest taxing of all time;

(9) its failure to consider the fairer options put forward by the opposition to offset the harsh measures it intends to impose on families, the sick and disabled; and

(10) the failure of its Intergenerational Report to recognise that investment in education, research and development is critical to our future prosperity and our capacity to generate the revenue and wealth required to support an ageing population.