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Wednesday, 18 March 1987
Page: 1075


Mr KERIN (Minister for Primary Industry)(6.29) —I move:

That the Bill be now read a second time.

This Bill provides transitional arrangements between the effective termination of the Fishing Industry Research Act 1969 and the proposed operation of the Fishing Industry Research and Development Bill 1987 already before the House. The Bill amends the Fishing Industry Research Act in a major sense, by repealing the appropriation and the provisions establishing the Fishing Industry Research Committee, the functions of which will be replaced by the Fishing Industry Research and Development Bill. The shell of the principal Act after passage of the present Bill will preserve the Fishing Industry Research Trust Account until the money in that account has been spent or otherwise disposed of.

The Government has decided that the money left in the Research Account, after settlement of all outstanding accounts and recovery of all moneys due to the account, is to be applied to the acquisition of a fisheries research vessel for the Commonwealth Scientific and Industrial Research Organisation Division of Fisheries Research. Should that outcome not occur, the Ministers for Finance and Primary Industry are to confer about the disposal of the residue. Honourable members may agree that this Bill and the Fishing Industry Research and Development Bill are appropriate for cognate debate. I commend the Bill to the House. I present the explanatory memorandum to this Bill.

Debate (on motion by Mr Cadman) adjourned.