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Wednesday, 23 March 1994
Page: 2042


Senator WATSON (12.43 p.m.) —Clauses 13 to 18 deal with certain tax-exempt infrastructure borrowings. Obviously, the objectives of these amendments are commendable but I have some doubt as to whether the government has seriously considered the scope of these provisions and as to whether they will really achieve their objectives. I ask: what constructive analysis has been undertaken to ensure that those objectives have been met and will be achieved under these particular amendments?