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Thursday, 27 April 1972
Page: 1369

Senator MURPHY - My question, which is addressed to the Leader of the Government in the Senate in his capacity as Minister representing the Treasurer, refers to the matter about which I asked the AttorneyGeneral a few moments ago. I remind the Leader of the Government that I asked him about this matter over 12 months ago. It refers to Commonwealth legislation to regulate insurance companies. Does he recall that the Prime Minister expressed his concern about this matter and indicated that it was being dealt with by the AttorneyGeneral? Irrespective of where the buck has been passed or what statements have been made about what is proposed to be done, will he recognise the seriousness of the absence of proper supervision over the accident insurance companies, which has been generally recognised? Can something be done to expedite this legislation in order that it can be passed into law for the protection of the policy holders and of the public generally?


Yes, I recall the Leader of the Opposition some time ago addressing to me in my capacity as Minister representing the Treasurer a question about the proposed legislation. I do not recall the statement by the Prime Minister relating to the AttorneyGeneral to which he has referred, but that is not to say that it was not made. I just do not recall it. I feel that earlier today the Attorney-General gave a very full explanation in answer to the earlier question asked by the Leader of the Opposition. In that answer he indicated that the legislative processes were operating to bring legislation before the Parliament. I have nothing that I can add to the answer given by the Attorney-General in that regard.

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