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Wednesday, 4 December 1985
Page: 2957

Senator WALSH (Minister for Finance)(9.34) —The Government does not accept the amendment, for no particular reason except that we think it is redundant. Both the Bill and the amendment share these words: `The amendments made by sections 3, 6 and 7' and there they diverge. The Bill states: ` . . . apply to instruments executed on or after the date of commencement of this section'. Senator Reid's amendment states: ` . . . do not apply to instruments executed before the date of commencement of this section'. I suppose there is a trivial difference but, in fact, it is really a difference of words because in neither case can the amendments apply until the instruments have been executed. In the original Bill the words are `on or after' the date of commencement and in Senator Reid's amendment it is stated that the amendments cannot be executed `before the date of commencement of this section'. We will not go to the barricades on it. I think it is quite superfluous.

Senator Siddons —We agree with you.