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Tuesday, 25 November 1986
Page: 2714

Senator SIDDONS(9.10) —I move:

Page 5, after sub-clause 10 (2), insert the following new sub-clauses:

``(2a) Bounty is not payable to a repairer, being a body corporate, unless, within 12 months after the commencement of this sub-section, the repairer 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 per cent of the share capital of the body corporate is made available for employee share ownership.''.

This amendment also relates to employee share ownership. We do not propose to divide on the amendment. I imagine that the arguments that have already been put on the previous amendment in relation to share ownership apply equally to this Bill.