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Wednesday, 9 March 1932

Mr BRUCE (FLINDERS, VICTORIA) (Assistant Treasurer) . - I move -

That the words " the undertaking of liability to make any payment, or ", in the definition of " insurance business " be omitted with a view to insertin lieu thereof the words, " life insurance business aud includes the business of undertaking liability".

The definition which appears in the bill is so wide that it might go further than the Government desires. The amended definition is clear, and will, I think, remove an objection which the honorable member for Perth (Mr. Nairn) took to the definition which appears in the bill.

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