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Wednesday, 7 July 1915


Senator GARDINER (New South Wales) (Vice-President of the Executive Council) . - I quite appreciate the desire of Senator Senior to avoid entanglements, but I am afraid that I might strike a mine if I started to dodge them. To my mind, the clause is definite, clear, and necessary. If we did not provide that an insurance /company, transacting a small business in the Northern Territory, should have a registered office there, what would be the position of a widow at Darwin, who wished to proceed against a company to recover the amount of a life policy? If it would not pay a company to nave an office at Darwin, it ought not to pay it to transact business there. My desire is to avoid the more grave and serious danger of a person being obliged to travel from one end of the Commonwealth to another in order to get justice. The clause seems to me to be clear, definite, and with a fixed purpose. It is quite necessary to the Bill, and, therefore, I propose to stand by it.

Clause agreed to.

Clause 17-

(1)   Where it is proposed to amalgamate two or more companies or to transfer the insurance business from any company to another, notice of the proposed amalgamation or transfer shall be given to the Commissioner and to the shareholders (if any), and, unless the Court otherwise directs, to each policyholder of each company concerned.

(2)   The notice shall give full particulars of thu proposal, and shall be accompanied by the actuarial reports on the proposal.

(3)   The Commissioner and any shareholder or policy-holder shall bo entitled to be heard on any application to a Court to sanction the proposed amalgamation or transfer.







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