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Wednesday, 9 February 2005
Page: 35

Senator MURRAY (12:02 PM) —At the emotional level I have some sympathy with this approach. At the emotional level you would almost like it to be retrospective, which of course it is not. The minister is correct. You really have to pay attention to the principles, and priorities in this matter are arguable. For instance, if you were to argue priorities you might find that children who have not yet reached a proper age, other creditors or persons with a close relationship with the bankrupt might well have been more prejudiced than the tax office. I can conceive of other priorities which might take precedence. As much as I am emotionally sympathetic to this I do think we have to stay with the principles that have been well established in bankruptcy law. I assume, Minister, that this area still falls within the broad ambit of your review?