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Thursday, 27 June 1996
Page: 2370

Senator COOK(12.59 p.m.) —On the subject of the amendment by Senator Stott Despoja on behalf of the Australian Democrats: while I am in sympathy with the objective she has here, I also share the view that it is a matter for parliament and that including those words in the proposed section is to some extent—and I mean this in the nicest way—meaningless. It does not add anything to it. I therefore do not see the purpose of making that change.

In relation to the calculation of the formula, I want to clarify with the minister that GDP should be GDPI. Can the minister also clarify that the working of the formula is the ratio of the difference between the figure derived in the top column and the figure derived under the line in the bottom column.