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Big business perspective too narrow: Moore



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JOHN MOORE MP SHADO W MINISTER FOR

COMMONWEALTH '•aruamewary eLury

BUSINESS and CONSUMER AFFAIRS

BIG BUSINESS PERSPECTIVE TOO NARROW : MOORE

"Big business are the main beneficiaries of Mr. Bowen's company law proposal, " said Mr. John Moore today.

"That's w h y we see big business wriLiny Lv the

Attorney-General offering support for his plan to move company law to Canberra.

"There are obvious benefitc for big business* - butr~far fewer for medium sized businesses.

"The aim is to find a scheme which benefits all equally.

"The Attorney-General has a responsibility to look further and beyond those big businesses who are so vocal.

"The existing co-operative scheme has the enthusiastic support of the Confederation of Australian Industry and the six States.

"I am aware of large national banks and corporations who believe the co-operativo scheme should—be retained.

“There is great reluctance to go public, however, for fear of upootting the GovenuuwnL ' b applecart.

r i A broader look—atether-Issues involved indicate that a centralised scheme is less efficient, more costly and more susceptible to political interference.

"The Government's scheme will politicise, __ departmentalise and further demoralise Australian business.

"There's nothing in it but headaches for average businesses, making up over 90% of our—business uuimuunity. _

10 August, 1988

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INQUIRIES: CANBERRA (062) 72 7058 .BRISBANE (07) 371 0644