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Corporations and Securities committee to investigate employee rights legislation'



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P A R L I A M E N T O F A U S T R A L I A

~ ^ 4 ยป y T e l e p h o n e : (02) 6277 3580

- Facsimile: (02) 6277 5809

JOINT COMMITTEE ON CORPORATIONS AND SECURITIES Email: Corporations.Joint@ aph.gov.au

PARLIAMENT HOUSE, CANBERRA, A.C.T. 2600 http://www.aph.gov.au/senate/committee

MEDIA RELEASE

“CORPORATIONS AND SECURITIES COMMITTEE TO INVESTIGATE EMPLOYEE RIGHTS LEGISLATION”

Senator Grant Chapman, Chairman of the Joint Statutory Parliamentary Committee on Corporations and Securities, announced today that the Committee will conduct an Inquiry into the Federal Government’s proposed legislation on corporate restructuring and employee rights as soon as the legislation becomes available.

“We expect to have the legislation in the next four to six weeks and will establish the Inquiry at that time,” Senator Chapman said.

“In the meantime, the Committee is preparing an Issues Paper drawn from the submissions received for the Inquiry initiated by the Committee on these matters last year, which lapsed when the October Federal election was called.

“We will then draft recommendations for Ministers Reith and Hockey to consider in the next few weeks in finalising the legislation, before it is tabled and considered by our Committee.

“When finalising our Terms of Reference for the Inquiry on this legislation, the Committee will take into account the previous Terms of Reference on the general issues relating to corporate restructuring and employee rights,” Senator Chapman said.

Senator Chapman said that this procedure, although opposed by Labor members of the Committee, was agreed by a majority of the Committee, including the Australian Democrat member, Senator Murray.

“Any suggestion that the Committee is reneging on a previous agreement between the Government and the Opposition for an Inquiry on the general issues is nothing more than political grandstanding,” Senator Chapman said.

“That was an agreement made more than twelve months ago, in the absence of any specific proposals or legislation from the Federal Government.

“It would be grossly inefficient for the Committee and a waste of witnesses’ time to conduct an Inquiry on the general issues, ignorant of the specific legislative proposals, when legislation is imminent,” he said.

“To have an Inquiry on the general issues would, in fact, not only result in duplication of the subsequent Inquiry which would be required on the legislation but also considerably delay that important Inquiry and hence, its passage through the

Parliament.

“This raises the question: does Labor want to find real solutions to the problems relating to corporate restructuring and employee rights or are they only interested in grandstanding?”

“After all, Labor did nothing on this issue during thirteen years in government,” Senator Chapman concluded.

For comment: Senator Grant Chapman, Committee Chairman, (02) 6277 3630

29 September 1999