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Notice given 4 December 2002

287  Chair of the Select Committee on Superannuation (Senator Watson): To move—

(1) That the following matter be referred to the Select Committee on Superannuation for inquiry and report by the last sitting day in June 2003:

The facilitation of superannuation investment in rural and regional Australia.

(2) That, in conducting the inquiry the committee is to:

(a) evaluate the current structure of investment from superannuation funds in rural and regional Australia, compared with capital cities;

(b) evaluate investment flows offshore from superannuation funds to determine whether the level of flows is appropriate, and whether the taxation and regulatory framework provides adequate and appropriate incentives for investment onshore rather than offshore;

(c) review and evaluate any current or previous measures designed to facilitate public or private investment in rural and regional Australia by the Commonwealth Government, state governments and the private sector;

(d) identify any factors inhibiting the investment of superannuation monies in rural and regional Australia;

(e) identify opportunities for the Commonwealth Government, state governments and the private sector to facilitate or direct investment to rural and regional Australia; and

(f) identify and evaluate options available for increasing investment opportunities in rural and regional Australia.

288  Senator Allison: To move—That the Senate—

(a) notes:

(i) the truck blockade on the Hume Highway on 3 December 2002,

(ii) that the purpose of the blockade was to call attention to the lack of safety standards and a national code of conduct for long distance truck drivers,

(iii) that the primary cause of long-distance truck driver death is driver fatigue,

(iv) the concern of the long-distance truck industry that unreasonable driving hours are partially a result of demands made by shippers,

(v) the concern of the long-distance trucking industry that transport rates are so low that increased driving hours are increasingly necessary in order for long haul truckers to remain economically viable, and

(vi) that these pressures to drive longer hours create a threat for drivers and the broader community; and

(b) calls on the Government to implement national safety standards and an enforceable code of conduct for long-distance drivers in consultation with that industry.