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Tuesday, 18 November 1986
Page: 2365


Senator MICHAEL BAUME —I give notice that, on the next day of sitting, I shall move:

That the Senate-

(a) notes with concern attempts by the Treasurer (Mr Keating) to politicise the administration of the Commonwealth Banking Corporation by endeavouring to force upon it his own nominee from outside the bank to become its Managing Director to succeed Mr Vern Christie;

(b) warns Mr Keating against seeking to impose on the bank anyone as Managing Director who would take greater regard of Federal Government policy, particularly in politically sensitive areas such as home loans, by accepting instructions from Canberra, instead of continuing with its present policy of abiding by commercial principles that take into regard the best interests of the bank's customers rather than the political interests of the Federal Government;

(c) demands that administration of the bank continue on the highly regarded, totally competent and commercially oriented basis which has distinguished the outstanding stewardship of Mr Christie, under whom the bank has been impressively successful in a highly competitive environment, within the constraints set by governmental ownership;

(d) notes with concern the impact on morale in the bank and the embarrassing position into which Mr Christie has been put by Mr Keating's demands, which have prevented the appointment of a banking professional from within this well-run organisation as Managing Director, to enable Mr Christie to retire, as he originally intended, at the end of this year;

(e) commends Mr Christie not only for his distinguished service as Managing Director of the Commonwealth Bank, but also for his determination to maintain the bank's integrity, independence and commercial orientation and for his refusal to step down as Managing Director so long as the threat of politicising by Mr Keating persists; and

(f) supports the view of those private enterprise members of the Board of the Commonwealth Bank that Mr Keating should not be allowed to politicise the bank.


The PRESIDENT —Order! Again I draw the attention of honourable senators to the length of the notices of motion that are being delivered. Again I ask them to give consideration to that matter.