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Monday, 30 November 1998
Page: 833


Senator SCHACHT (1:50 PM) —When I read this amendment, subclause (3) of amendment (5) seemed to me to have some attraction, because it requires tabling the exemption notice in the parliament. When I read (4), (5) and (6), I dropped off, because this should not be made a disallowable instrument. There would be mayhem arguing commercially over a disallowable instrument. You would never get any launches at all if somebody said, `Oh, by the way, you could be hung to dry for 15 days while someone thinks of moving for a debate before allowing your exemption', even though these are special cases. So (3) by itself, which is just the notice given and tabled in the parliament, is not unreasonable. If the Democrats drop off (4), (5) and (6), we would think that (3) by itself is a reasonable outcome.