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Tuesday, 18 March 1980
Page: 729


Senator Dame MARGARET GUILFOYLE (Victoria) (Minister for Social Security) (5.19)- We thank the Opposition for its support of the Bill. As has been said, the purpose of the Bill is to authorise borrowings to fund credit facilities for soldier settlers under the War Service Land Settlement Scheme. The moneys will be applied mainly for the extension of credit facilities in the States of South Australia and Western Australia in accordance with the provisions of the Act of 1952. Senator Walsh raised a question with regard to advances for stock, plant and equipment. I am advised that, as he has surmised, these are now most unusual. It would be most unusual that an advance would be sought for this purpose. However, the provision has never been removed from the scheme, and accordingly we continue to refer to it in any documentation that applies to any funds that are appropriated for it. All the moneys provided for in this Bill are expected to be used to provide carry-on finance for settlers. It is a provision which comes within the Bill, and in any documentation reference is still made to all of the provisions that were comprehended by the scheme. As Senator Walsh has surmised, it would be most unusual if this were required. I think that answers the point he raised, and I commend the Bill to the Senate.

Question resolved in the affirmative.

Bill read a second time, and passed through its remaining stages without amendment or debate.







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