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Wednesday, 17 October 1973
Page: 2274


The CHAIRMAN (Mr Scholes (CORIO, VICTORIA) - Order! I would suggest to the honourable gentleman that if he confined his remarks to the amendment, we would get on a lot further with the Bill.


Mr LYNCH - Mr Chairman,the terms of clause 5 enabling the Corporation to form a company in its own right are not irrelevant to the general points that I am seeking to take. The amendment that is proposed by the Opposition Parties is central. Without it, the Parliament would be permitting the initiation of a series of State-controlled enterprises, the type of which we believe are completely foreign to the free enterprise philosophy which is now and I hope will continue to be the- very backbone of our national economy. The Government's proposal clearly is designed to take the AIDC away from its original concept as a development financier and as an instrument designed to assist private enterprise. I would ask the Minister for Overseas Trade to respond to both of these points. I hope he does not see them as being put purely for political purposes. They are areas of concern and the Committee provides an opportunity for the Minister to respond and clarify the position as he sees it.







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