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Thursday, 22 May 1930

Question proposed -

That the report be adopted.

Amendment (by Senator McLachlan) - agreed to -

That the bill be re-committed for the reconsideration of clauses 4, 26, 67, 73a, 77, 81, 89, 94, 132 and the first, second, fourth and twelfth schedules and for the insertion of a new clause 122a.

In committee(Re-committal) :

Clause 4 (Definitions) - " Industrial insurance business " means that class of insurance business which consists in the issue of, or the undertaking of liability under, industrial policies and any business in relation thereto, but does not include any scheme or arrangement whereby staff superannuation benefits are provided by an employer or his employees; " Life insurance business " means the issue of, or the undertaking of liability under, life policies and any business in relation thereto, but does not include industrial insurance business or any scheme or arrangement whereby staff superannuation benefits are provided by an employer and/or his employees through his or their organization;

Amendments (by Senator McLachlan) - agreed to -

That after the word " employees " in the definition of " industrial insurance business " the words "or by an employer and his employees, through his or their organization," be added.

That after the word "employees " in the definition of " life insurance business," the words " or by an employer and his employees " be inserted.

Clause also verbally amended, and as further amended,agreed to.


Senator Rae - I was under the impression that Senator McLachlan promised Senator Colebatch that he would provide a new definition of " foreign company ".







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