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Thursday, 12 August 2004
Page: 26393


Senator HILL (Minister for Defence) (7:39 PM) —It ultimately benefits consumers in that it contributes to a more open system, one where special interests cannot be hidden, where full information is on the table and where the regulatory authorities are therefore best able to carry out their tasks in an effective way. So you cannot argue that there is a specific dollar benefit; rather, you look at the ultimate effect of the provision that is put in place. Our argument in trying to deliver a system that is more transparent and accountable is that it has to be in the public interest.