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FINANCE AND GOVERNMENT OPERATIONS-STANDING COMMITTEE-REFERENCE

The Leader of the Opposition in the Senate (Senator Chaney), pursuant to notice, moved-

(1) That there be referred to the Standing Committee on Finance and Government Operations the briefing note on interest rates tabled in the Senate by the Minister for Education (Senator Ryan) on 25 February 1987, and that the Committee inquire into and report on the basis on which Dr R. G. Hawkins made his assessment of the outlook for home loan interest rates and why the Government has said that a document which was prepared for use in Question Time by a senior official with sound economic credentials and a detailed knowledge of the housing industry, and which was quoted in Question Time, does not represent the judgement of the Government.

(2) That the Committee report to the Senate on or before 1 April 1987.

Debate ensued.

Question put and passed.