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The order of the day having been read for the resumption of the debate on the question—That the Bill be now read a second time—And on the amendment moved thereto by Mr McMullan, viz.—That all words after "That" be omitted with a view to substituting the following words: "whilst not declining to give the Bill a second reading, the House condemns the Government for its:

(1) pre-election spending spree;

(2) speculation in currency derivatives at a cost of nearly $5 billion over the life of this Government;

(3) blatant disregard for the application of Australian accounting standards in compiling its own accounts;

(4) failure to recognise the GST as a Commonwealth tax and this Government as the highest taxing Government of all time;

(5) complete lack of disclosure and accountability in relation to the escalating costs of the so-called `Pacific Solution';

(6) breaking its election promise to make health insurance affordable by approving a premium increase at twice the rate of inflation;

(7) misleading the public about the real cost of its defence commitments prior to the election;

(8) woefully inadequate support for the development of the broadband infrastructure integral to Australia's participation in the information economy;

(9) inadequate attempts to remedy chronic under funding of research and innovation; and

(10) failure to address the significant investment needs in the areas of education and the provision of social services"—

Debate resumed.

Amendment negatived.

Question—That the Bill be now read a second time—put and passed—Bill read a second time.

Leave granted for the question on the report to be put forthwith.

Question—That the Bill be reported to the House without amendment—put and passed.