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Thursday, 14 June 1984
Page: 3004

Senator PETER RAE(12.21) — We are dealing with the Bills cognately. I propose to speak briefly to the National Airlines Commission Retention Bill. I refer to the fact that a report is available in the Parliamentary Library by Price Waterhouse, Potter Partners and Blake and Riggall-accountants, stockbrokers and solicitors-all three of whom are among the most outstanding in their various fields. The report, which is dated December 1982, comprises some 376 pages. It is entitled 'The Practicalities of Selling Shares in TAA'. It deals with a large number of the issues to which some reference was made during the earlier debate. That public document, which is available in the Parliamentary Library, covers many of the questions which I thought were rather misguidedly raised by Senator Jack Evans.

I also refer to the fact that Thomas N. Quinn and Associates prepared a document in October 1980-I have a copy; it is not a public document-which comprises some 300 pages. That was also an assessment of the practicality of creating Trans Australia Airlines as a public company. The report supports the conclusions reached by Blake and Riggall, Potter Partners and Price Waterhouse. I simply refer those reports to honourable senators. It is not as if consideration has not been given to this question. I do not raise the matter for the purpose of debate; it is for information on the record that consideration has been given by experts as to whether it is a practical proposition. What we are advocating is regarded as a practical proposition. We recognise that it will not happen during the currency of this Government.