Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Queensland shows guts in corporations battle



Download PDFDownload PDF

MEDIA RELEASE

13 J u n e , 1989

JOHN MOORE M P SHADOW MINISTER FOR

COMMONWEALTH PARLIAMENTARY LIBRARY , MICAH

BUSINESS and CONSUMER AFFAIRS

QUEENSLAND SHOWS GUTS IN CORPORATIONS BATTLE

John Moore today applauded Queensland's decision to challenge Canberra's takeover of company law.

"The Federal Opposition fought tooth and nail against this legislation. The current co-operative scheme has served business well for nine years, said John Moore, Opposition Business Spokesman.

"We simply didn't have the numbers to defeat it in Parliament.

"This is the biggest grab for power by the Labor Government since Federation. Labor has forgotten that Australia was formed as a federation - whether they like it or not.

"The only way to defeat the legislation now is through a High Court challenge. Australia's best constitutional lawyers harbor grave doubts about it's validity and the Law Council of Australia agree.

"Mr Bowen has only one opinion supporting the massive takeover.

"All the States - even the Labor States - remain avidly opposed, but Queensland's the only State to put its money where its mouth is.

"Local access to Queensland's Corporate Affairs Office would be eradicated under a national system. The CAC office would disappear - to be replaced by a branch office run by Canberra public servants.

"It means a great loss of jobs and revenue to Queensland.

"Queensland business would be left to deal with a centralised bureaucracy which takes weeks, months, even years to react to the needs of business - similar to the Tax Office.

"I am pleased to see action rather than rhetoric from the Queensland Government.

"Mr. Bowen pledged to put the national system in place within two weeks if the States didn't announce a challenge.

"We must retain the co-operative arrangements and upgrade the administration of our Corporate Affairs Offices.

"Most importantly, the business community must be spared the upheaval and uncertainty which will ensue under a national scheme.

INQUIRIES: CANBERRA (062) 774133 BRISBANE (07)3710644

>