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Friday, 11 March 1932

Mr BRUCE (FLINDERS, VICTORIA) (Assistant Treasurer) . - It is difficult to limit the discussion to the amendment before the chair when we are dealing with a definition clause which relates to various clauses in the bill ; but I point out to the honorable member for West Sydney (Mr. Beasley) that none of the Senate's amendments gives the Commonwealth Government a new power to attach the revenues of the State of New South Wales. The particular amendment under consideration is really to the advantage of the State. The Commonwealth will have power, after passing a resolution through both Houses, to issue a proclamation attaching the revenues of the State of New South Wales, and it will be necessary to mention in the proclamation the revenues that would supply the amount needed; but under the bill as it stands, it would be necessary to include in the proclamation all the revenues that we had taken power to attach. Obviously that would cause a certain amount of dislocation and embarrassment to the State Government, whereas it might be necessary to attach only one or two revenues. This amendment merely gives power to the Commonwealth to enforce its rights with respect to such revenues as may be stated in the proclamation, and are necessary to meet the commitments due. Whatever objection opponents of the bill may take to some of the amendments, this alteration of the definition of " specified revenue ", and that in clause 7 relating to the proclamation of specified revenue, are obviously more favorable to the States than the original provisions.

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