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TRADE PRACTICES AMENDMENT BILL 1985

The Senate, according to Order, resolved itself into Committee for the further consideration of the Bill.

In the Committee

Clause 17 read-

On the motion of Senator Durack the following amendment was debated and agreed to: Page 8, paragraph (e), proposed new sub-section 50 (2A), line 9, after ""activities'', insert ""in a market''.

Senator Durack moved a further amendment, viz: Page 8, paragraph (e), proposed new sub-section 50 (2C), at end of proposed sub-section, add "", unless, in the case of an acquisition of shares, a Part A statement within the meaning of the Companies (Acquisition of Shares) Act 1980 or of a corresponding law of a State or Territory in respect of that acquisition of shares was lodged with the National Companies and Securities Commission in accordance with that Act or such law before the day on which the Trade Practices Amendment Act 1986 received the Royal Assent''.

Debate ensued.

Question-That the words proposed to be added be added-put.

The Committee divided-

AYES, 27

Senators- Archer Baume, Michael Bjelke-Petersen Boswell Brownhill Carrick, Sir John Collard Crichton-Browne Durack Guilfoyle, Dame Margaret Hamer Hill Jessop Kilgariff Knowles Lewis MacGibbon Messner Missen Parer Puplick Sheil (Teller) Teague Townley Walters Watson Withers

NOES, 35

Senators- Aulich Black Bolkus Button Childs Chipp Coates Cooney Crowley Devlin Elstob Evans Georges Gietzelt Giles Haines Jones McClelland McIntosh (Teller) McKiernan Macklin Maguire Mason Morris Ray Reynolds Richardson Robertson Ryan Sanders Sibraa Siddons Tate Vigor Walsh

Amendment negatived accordingly.

Senator Siddons moved an amendment, viz: Page 8, paragraph (e), proposed new sub-section 50 (2c), lines 18 to 24, leave out the proposed sub-section.

Debate ensued.

Pursuant to Sessional Order, consideration of the Bill was interrupted.

And it being 2 p.m., the Senate having resumed-