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AUSTRALIA'S ECONOMIC POSITION

Senator Michael Baume, pursuant to notice, moved-That the Senate, noting Australia's rising inflation, increasing unemployment, worsening balance of payments crisis, record interest rates and declining investment-

(a) deplores the confusion created by the misleading and contradictory statements made by the Treasurer (Mr Keating) on the state of the Australian economy and calls on the Federal Government to:

(i) reduce the record spending budgetted for this year,

(ii) restructure the industrial relations system as recommended by the Federal Opposition,

(iii) reduce the heavy burden of Government regulation, and

(iv) abandon its damaging anti-business taxes; and

(b) condemns the Treasurer for trying to paper over these defects by reverting to his old habit of falsely talking-up the economy.

Debate ensued.

Question-put.

The Senate divided

AYES, 28

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

NOES, 39

Senators- Aulich Black Childs Coates Coleman Colston Cook Cooney Crowley Devlin Elstob Evans Foreman Georges Gietzelt Giles Grimes Haines Harradine Jones McIntosh (Teller) McKiernan Macklin Maguire Mason Morris Powell Ray Reynolds Richardson Robertson Ryan Sanders Sibraa Siddons Tate Vigor Walsh Zakharov

And so it was negatived.

Pursuant to Sessional Order, consideration of General Business was interrupted.