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Notice given 26 February 2007

*2  Senator O’Brien: To move—That the following matter be referred to the Rural and Regional Affairs and Transport Committee for inquiry and report by the first sitting day in June 2007:

An examination of the effect on regional and rural Australia of the Government’s February 2007 decision to phase-out Non-Forestry Managed Investment Schemes, including:

(a) the effect on jobs and investment in rural and regional Australia;

(b) the identity of agricultural industries which will be most affected;


 (c) the regional and rural communities which will be most affected;

(d) the effect on exports; and

(e) the merits of maintaining Non-Forestry Managed Investment Schemes and alternatives to the Government’s decision.

Order of the Day

Economics—Standing Committee

Report to be presented on the Tax Laws Amendment (2006 Measures No. 7) Bill 2006. ( Referred pursuant to Selection of Bills Committee report .)