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LOANS BILL 1986

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

In the Committee

Consideration resumed of the Bill and of the amendments moved thereto by Sentor Messner, viz:

Page 1, clause 1, line 5, leave out ""Loans'', insert ""Loan''.

Page 1, clause 3, definition of ""defence service'', line 11, leave out ""financial year'', insert ""the financial year''.

Page 2, clause 3, definition of ""financial year'', paragraphs (a) and (b), lines 2 and 3, leave out the paragraphs, insert ""the year ending on 30 June 1987;''.

Page 2, clause 3, definition of ""relevant appropriation Act'', lines 4 to 15, leave out the definition, insert the following definition:

"" "relevant apropriation Act', in relation to the financial year, means-

(a) the Supply Act (No. 1) 1986-87; or

(b) an Act, whether passed before or after the commencement of this Act, appropriating the Consolidated Revenue Fund for service of the financial year ending on 30 June 1987, being an Act that is expressed to have effect subject to this Act.''.

Page 2, clause 4, line 19, leave out ""a financial year'', insert ""the financial year''.

Page 2, clause 4, lines 19 to 27, leave out ""that financial year'' (thrice occurring), insert ""the financial year''.

Debate resumed.

Question-That the amendments be agreed to-put and passed.

On the motion of Senator Siddons the following amendments were, by leave, taken together and agreed to:

Page 2, clause 5, line 29, leave out ""a financial year'', insert ""the financial year''.

Page 2, paragraph 5 (a), line 31, leave out ""that financial year'', insert ""the financial year''.

Page 2, clause 6, line 37, leave out ""a financial year'', insert ""the financial year''.

Pages 2 and 3, clause 6, line 37 (page 2) to line 10 (page 3), leave out ""that financial year'' (thrice occurring), insert ""the financial year''.

Page 3, sub-clause 9 (1), lines 22 and 23, leave out ""a financial year'', insert ""the financial year''.

Page 3, sub-clause 9 (1), lines 22 to 28, leave out ""that financial year'' (thrice occurring), insert ""the financial year''.

Page 3, sub-clause 9 (2), line 31, leave out ""a financial year'', insert ""the financial year''.

Page 3, after sub-clause 9 (2), add the following new sub-clause:

""(3) Nothing in this Act shall be taken to authorise expenditure (otherwise than for the expenses of borrowing) after 30 June 1987.''.

Bill, as amended, agreed to.

Bill to be reported with amendments.

The Acting Deputy-President (Senator Colston) resumed the Chair; and the Temporary Chairman of Committees (Senator Townley) reported accordingly.

On the motion of the Minister for Finance (Senator Walsh) the Report from the Committee was adopted, and the Bill read a third time.