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Tuesday, 16 September 2008
Page: 7

Senator SHERRY (Minister for Superannuation and Corporate Law) (1:14 PM) —Notwithstanding your logic, Senator Brandis, we still contend that you are in effect, by the change in the design of the amendments you are moving, making it more difficult for business to recoup losses. That is the impact that, I am advised, will occur as a consequence. We know what your position is with respect to Birdsville and if you had worded the amendments differently that would have maintained the integrity of Birdsville, as you argue. But the way they are worded, we would argue, will be detrimental with respect to recoupment for small business, which should not have to go through that process and prove it.