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Thursday, 12 December 2002
Page: 7877

Senator TROETH (Parliamentary Secretary to the Minister for Agriculture, Fisheries and Forestry) (1:17 PM) — The Taxation Laws Amendment (Earlier Access to Farm Management Deposits) Bill 2002 has been under constant monitoring by the government and under constant scrutiny since the initiative first came in. The Agricultural Finance Forum, which I chair, has provided constant feedback to the government on the issue of farm management deposits. Industry, in the form of the four major banks and the National Farmers Federation, have also provided constant feedback to government, and we have been noting that. As well as the onset of the drought, that is part of the reason why we have decided to make these changes. I commend the bill to the Senate.

Question agreed to.

Bill read a second time.