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NOTICES

Notices of Motion:

Senator Colston: To move on the next day of sitting-That the Senate, noting-

(a) the comments of a trustee of the National Party and prominent businessman in Queensland, Sir Roderick Proctor, who said on Australian Broadcasting Corporation radio in May 1986 that ""The Queensland economy is not in good shape, and in some respects at the moment we don't compare well with some of the other States which just happen to have Labor State Governments'';

(b) that this grave message has been conveyed in this Chamber and by the Opposition in the Queensland Parliament for some time; and

(c) that the perilous state of the Queensland economy has at last been realised by National Party members in Queensland,

urges the current Queensland Government, in its dying days in office, to cease using rhetoric to explain away the State's ills and take positive efforts to boost the Queensland economy.

Senator Michael Baume: To move on the next day of sitting-That the Senate requests the Government to bring on for debate the Notice of Motion given by Senator Michael Baume on 17 October 1985, in the following terms:

That the Senate-

(a) expresses its concern at Australia's worsening balance of payments position, evident from the 18 per cent rise in the current account deficit for the September quarter to $3 345m;

(b) requests the Treasurer (Mr Keating) to make available any advice from the Treasury on which he relied for his forecast to an Economics Society meeting on 16 October 1985, that the current account deficit would fall to 4.1 per cent of Gross Domestic Product by June next year and then continue the trend downwards; and

(c) regrets that the Treasurer intends to try to defend the Australian dollar that is being weakened largely as a result of inappropriate Government fiscal policy, by maintaining a high interest rate policy that will inevitably damage economic growth.

Senator Vallentine: To move on the next day of sitting-That the Senate-

(a) notes the announcement by the Reagan Administration that it intends to override the terms of the SALT II agreement later in 1986 by deploying Air Launched Cruise Missiles on B-52 bombers;

(b) views with disquiet the same Administration's recent re-interpretation of the Anti Ballistic Missile Treaty;

(c) recognises that the Soviet Union has also broken both the spirit and the letter of the SALT agreements; and

(d) calls on the Federal Government to maintain its strong stand on arms control and to make a strong condemnation of both the United States and the Soviet Union for breaking arms control agreements that already exist and for failing to reach any agreement on current proposals, such as a comprehensive Test Ban Treaty, while continuing to escalate the arms race at every level.

Senator Michael Baume: To move on the next day of sitting-That the Senate-

(a) notes the many Notices of Motion dating back to October 1985 given by Senator Michael Baume pointing out the continual deterioration of Australia's balance of payments deficit on current account and the need for remedial action by the Government, not one of which has been allowed to be debated by this Government;

(b) notes the recent belated admission by the Treasurer (Mr Keating) that the Australian people should now be told ""truthfully, honestly and correctly just what kind of a hole Australia is in'' because of the record and deteriorating balance of payments deficit on current account, all of which confirms the concerns expressed in Senator Michael Baume's Notices of Motion;

(c) regrets the Government's delays in responding to the worsening in Australia's economic position which has been evident for many months, so making it more difficult to correct; and

(d) calls on the Government to adopt the requests made in Senator Michael Baume's Notices of Motion for an immediate mini-budget to implement the major reductions in Government spending Mr Keating now says are needed.

Personal Explanation: The Manager of Government Business (Senator Grimes), by leave, made a personal explanation relating to the second Notice of Motion given by Senator Michael Baume.

Statement, by leave: The Leader of the Opposition in the Senate (Senator Chaney), by leave, made a statement relating to the personal explanation.

Senator Townley: To move on the next day of sitting-That the Senate-

(a) recognising that the present Hawke Socialist Government is a very big spending Government;

(b) aware that big spending and big taxes must go hand-in-hand if Australia is to avoid getting even further in debt both internally and to overseas banking organisations;

(c) convinced that Australia is already too far in debt for the good of future generations;

(d) aware that Australia will spend more of its Budget in the 1985-86 financial year on the national debt interest than it does on either of health, education, or defence, and about 5 times as much as we do on housing; and

(e) mindful that this country is already one of the most indebted in the world with liabilities per head far in excess of Argentina, Mexico, Chile, Poland or Brazil,

calls upon the Federal Government to issue a statement to the people of Australia explaining just what long-term action it intends to take to solve the national debt crisis.

Notice of Motion withdrawn: Senator Lewis, at the request of the Chairman of the Standing Committee on Regulations and Ordinances (Senator Cooney) and in accordance with notice of intention given on 27 May 1986, withdrew Business of the Senate, Notice of Motion No. 1 standing in the name of Senator Cooney for 2 sitting days hence, for the disallowance of Defence Determination No. 8 of 1986.