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Thursday, 1 April 1965

Senator WRIGHT (Tasmania) .- I move -

In sub-clause (1.) leave out ", instrument in writing, declare a class of persons specified in the instrument ", insert " regulation declare a class of persons "

The sub-clause would then read -

The Minister may by regulation declare a class of persons to be an approved class of lenders for the purposes of this Act.

As we know, a regulation is amenable to parliamentary control. A ministerial instrument in writing, declaring a class of persons, may never be known to us. It is not that sort of declaration which sub-clause (3.) requires to be published in the "Gazette". It is the Corporation's declaration of individual persons that must be published. But whether or not such a ministerial declaration is published, it is not subject to parliamentary control. As a Minister has the power, under the Bill as printed, to specify a class of persons as an approved class, it appears to me that it would be more consonant with parliamentary procedure that that should be done by a regulation, which is subject to parliamentary control. It is in that sense that I have moved the amendment.

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