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Monday, 16 September 1985
Page: 592


Senator LEWIS(8.45) —I can see no reason to prolong the debate. I therefore move:

(1) Clause 7, proposed new section 18, add the following sub-sections:

`(3) The Corporation shall not join in the formation of a partnership or a company unless the Minister has approved in writing of the participation of the Corporation in that partnership or company.

`(4) An approval given under sub-section (3), together with a statement of particulars of the partnership or company to which the approval relates, shall be laid before each House of the Parliament within 15 sitting days of that House after the giving of that approval.

`(5) The Corporation shall not join in the formation of a partnership or a company which has any function or power which is not a function or a power of the Corporation.'.

Question put:

That the amendment (Senator Lewis's) be agreed to.