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Tuesday, 25 November 1986
Page: 2705


Senator SIDDONS(8.26) —I would like to move the amendments that have been circulated in my name in relation to share ownership being a condition of receiving a bounty. They are amendments (1), (3), (8) and (12). I seek leave to have the amendments taken together.

Leave granted.


Senator SIDDONS —I move:

(1) Page 1, sub-clause 2 (1), line 8, after `sections', insert `16a, 16b, 16c,'.

(3) Page 2, clause 5, lines 10 and 11, leave out `amended by inserting after sub-section (3b) the following sub-sections: ', insert `amended-

(a) by inserting after sub-section (2) the following sub-sections:

``(2a) Bounty is not payable to a shipbuilder, being a body corporate, unless, within 12 months after the commencement of this sub-section, the shipbuilder establishes an employee share ownership scheme.

``(2b) In sub-section (2a), `employee share ownership scheme' means a scheme in accord- ance with the regulations under which not less than 8% of the share capital of the body corporate is made available for employee share ownership.'';

(b) by inserting after sub-section (3b) the following sub-sections:'.

(8) Page 6, after new clause 16a, insert the following new clause:

``Amendments relating to employee share ownership schemes, &c.

``16b. The Acts specified in Schedule 4 are amended as set out in that Schedule.''.

(12) Page 45, after Schedule 3, add the following new Schedule:

SCHEDULE 4

Section 16b

AMENDMENTS RELATING TO EMPLOYEE SHARE OWNERSHIP SCHEMES, &c.

Bounty (Agricultural Tractors and Equipment) Act 1985

After sub-section 11 (2)-

Insert the following sub-sections:

`(2a) Bounty is not payable to a manufacturer, being a body corporate, unless, within 12 months after the commencement of this sub-section, the manufacturer establishes an employee share ownership scheme.

`(2b) In sub-section (2a), ``employee share ownership scheme'' means a scheme in accordance with the regulations under which not less than 8% of the share capital of the body corporate is made available for employee share ownership.'.

Bounty (Bed Sheeting) Act 1977

After sub-section 5 (2)-

Insert the following sub-sections:

`(2a) Bounty is not payable to a manufacturer, being a body corporate, unless, within 12 months after the commencement of this sub-section, the manufacturer establishes an employee share ownership scheme.

`(2b) In sub-section (2a), ``employee share ownership scheme'' means a scheme in accordance with the regulations under which not less than 8% of the share capital of the body corporate is made available for employee share ownership.'.

Bounty (Berry Fruits) Act 1982

After sub-section 5 (2)-

Insert the following sub-sections:

`(2a) Bounty is not payable to a producer, being a body corporate, unless, within 12 months after the commencement of this sub-section, the producer establishes an employee share ownership scheme.

`(2b) In sub-section (2a), ``employee share ownership scheme'' means a scheme in accordance with the regulations under which not less than 8% of the share capital of the body corporate is made available for employee share ownership.'.

Bounty (Books) Act 1969

Section 7-

Add at the end the following sub-sections:

`(4) Bounty is not payable to a person who contributed to the production of a book, being a body corporate, unless, within 12 months after the commencement of this sub-section, the person establishes an employee share ownership scheme.

`(5) In sub-section (4), ``employee share ownership scheme'' means a scheme in accordance with the regulations under which not less than 8% of the share capital of the body corporate is made available for employee share ownership.'.

Bounty (Commercial Motor Vehicles) Act 1978

After sub-section 7 (2)-

Insert the following sub-sections:

`(2a) Bounty is not payable to an assembler, being a body corporate, unless, within 12 months after the commencement of this sub-section, the assembler establishes an employee share ownership scheme.

`(2b) In sub-section (2a), ``employee share ownership scheme'' means a scheme in accordance with the regulations under which not less than 8% of the share capital of the body corporate is made available for employee share ownership.'.

Bounty (Computers) Act 1984

After sub-section 9 (2)-

Insert the following sub-sections:

`(2a) Bounty is not payable to a manufacturer, being a body corporate, unless, within 12 months after the commencement of this sub-section, the manufacturer establishes an employee share ownership scheme.

`(2b) In sub-section (2a), ``employee share ownership scheme'' means a scheme in accordance with the regulations under which not less than 8% of the share capital of the body corporate is made available for employee share ownership.'.

Bounty (High Alloy Steel Products) Act 1983

After sub-section 7 (2)-

Insert the following sub-sections:

`(2a) Bounty is not payable to a producer, being a body corporate, unless, within 12 months after the commencement of this sub-section, the producer establishes an employee share ownership scheme.

`(2b) In sub-section (2a), ``employee share ownership scheme'' means a scheme in accordance with the regulations under which not less than 8% of the share capital of the body corporate is made available for employee share ownership.'.

Bounty (Injection-moulding Equipment) Act 1979

After sub-section 7 (2)-

Insert the following sub-sections:

`(2a) Bounty is not payable to a manufacturer, being a body corporate, unless, within 12 months after the commencement of this sub-section, the manufacturer establishes an employee share ownership scheme.

`(2b) In sub-section (2a), ``employee share ownership scheme'' means a scheme in accordance with the regulations under which not less than 8% of the share capital of the body corporate is made available for employee share ownership.'.

Bounty (Metal Working Machines and Robots) Act 1985

After sub-section 16 (3)-

Insert the following sub-sections:

`(3a) Bounty is not payable to a manufacturer or modifier, being a body corporate, unless, within 12 months after the commencement of this sub-section, the manufacturer or modifier establishes an employee share ownership scheme.

`(3b) In sub-section (3a), ``employee share ownership scheme'' means a scheme in accordance with the regulations under which not less than 8% of the share capital of the body corporate is made available for employee share ownership.'.

Bounty (Paper) Act 1979

After sub-section 6 (2)-

Insert the following sub-sections:

`(2a) Bounty is not payable to a manufacturer, being a body corporate, unless, within 12 months after the commencement of this sub-section, the manufacturer establishes an employee share ownership scheme.

`(2b) In sub-section (2a), ``employee share ownership scheme'' means a scheme in accordance with the regulations under which not less than 8% of the share capital of the body corporate is made available for employee share ownership.'.

Bounty (Printed Fabrics) Act 1981

After sub-section 5 (3)-

Insert the following sub-sections:

`(3a) Bounty is not payable to a producer, being a body corporate, unless, within 12 months after the commencement of this sub-section, the producer establishes an employee share ownership scheme.

`(3b) In sub-section (3a), ``employee share ownership scheme'' means a scheme in accordance with the regulations under which not less than 8% of the share capital of the body corporate is made available for employee share ownership.'.

Bounty (Steel Mill Products) Act 1983

After sub-section 8 (2)-

Insert the following sub-sections:

`(2a) Bounty is not payable to a producer, being a body corporate, unless, within 12 months after the commencement of this sub-section, the producer establishes an employee share ownership scheme.

`(2b) In sub-section (2a), ``employee share ownership scheme'' means a scheme in accordance with the regulations under which not less than 8% of the share capital of the body corporate is made available for employee share ownership.'.

Bounty (Textile Yarns) Act 1981

After sub-section 5 (4)-

Insert the following sub-sections:

`(4a) Bounty is not payable to a producer, being a body corporate, unless, within 12 months after the commencement of this sub-section, the producer establishes an employee share ownership scheme.

`(4b) In sub-section (4a), ``employee share ownership scheme'' means a scheme in accordance with the regulations under which not less than 8% of the share capital of the body corporate is made available for employee share ownership.'.

Subsidy (Grain Harvesters and Equipment) Act 1985

After sub-section 10 (2)-

Insert the following sub-sections:

`(2a) Bounty is not payable to a manufacturer, being a body corporate, unless, within 12 months after the commencement of this sub-section, the manufacturer establishes an employee share ownership scheme.

`(2b) In sub-section (2a), ``employee share ownership scheme'' means a scheme in accordance with the regulations under which not less than 8% of the share capital of the body corporate is made available for employee share ownership.'.

After sub-section 11 (2)-

Insert the following sub-sections:

`(2a) Bounty is not payable to an importer, being a body corporate, unless, within 12 months after the commencement of this sub-section, the importer establishes an employee share ownership scheme.

`(2b) In sub-section (2a), ``employee share ownership scheme'' means a scheme in accordance with the regulations under which not less than 8% of the share capital of the body corporate is made available for employee share ownership.'.

I will speak only briefly on these amendments since I ran over the point of principle during my speech at the second reading stage. It is not uncommon in Congress in the United States these days to make any government handout conditional on employee share ownership being introduced. That trend is very prevalent in the United States and the rationale behind it simply is that by ensuring that employees get a stake in the company any benefits of government bounties or handouts accruing to the company will be spread through a much greater number of people. This has the effect of being a much fairer way of assisting industry in that more people benefit from that government assistance. This principle is not new. It has been well and truly tried in the United States in particular. When Senator Button commented on these amendments just before the dinner suspension he said: `Well, the Government is going to bring out a paper on industrial democracy'. That paper has been promised now for over 12 months. I have addressed seminar after seminar on employee participation in which leading exponents of different initiatives in this area have commented. They are sick and tired of the Government's promises that it will do something on employee participation principles. The Government does nothing and keeps promising that if we wait a little longer it will bring out a paper and then it might do something.

The amendments to the legislation before us at least give us the opportunity to put in place in a sector of industry without cost to the Government one of the most important principles in employee participation. I see no reason why there should be any delay. The only reason would be that it is against what the Government wants. The Government is not anxious to see a greater share of employee ownership in industry. We are rapidly being forced to that conclusion by the Government's dithering, delay and absolute refusal to commit itself in this area. But the Bounty and Subsidy Legislation Amendment Bill (No. 2) is before the Parliament. It is up to the Opposition whether it will support these amendments. If it does it puts the responsibility fairly and squarely back into the Government's corner. Whether we get a White Paper or a Green Paper on industrial democracy this year, next year or never, at least the Government has an amendment of which it must take notice. I appeal to the Opposition to support the amendments.