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Monday, 24 May 1965

Senator ANDERSON (New South Wales) (Minister for Customs and Excise) . - I cannot acept Senator Wright's proposal that we should report progress and that consideration of the measure should be stood over. As a matter of interest, I shall move in a moment or two that we report progress, but that will be only to enable us to introduce another bill. As Senator Hannan has said, there was a breach of the Act by John Fairfax in relation to the ATV transaction. That was before the prescribed date. Completion of the transaction would have resulted in John Fairfax being in a position to control four licensed companies, which would have been in breach of the existing law. The proposed new sub-section will enable the Postmaster-General to enter into an arrangement with the company to correct the articles of association to conform with the requirements of this legislation. That is the only instance that I know of.

Progress reported.

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