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Thursday, 17 June 2010
Page: 3643


Senator LUDWIG (Special Minister of State and Cabinet Secretary) (1:37 PM) —I thank those opposite for their contributions, including Senator Brandis and Senator Macdonald. I recognise that it was former Minister Ruddock who commenced this. It is one of those areas I followed in opposition. You are right, Senator Brandis: the idea of a floating charge is long gone, now crystalline, and we are now going to have circulating and non-circulating security interests. The language is certainly a little less bright. With those remarks, I commend the bill to the Senate.

Question agreed to.

Bill read a second time.