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Wednesday, 30 November 1983
Page: 3111

Mr HURFORD (Minister for Housing and Construction and Minister Assisting the Treasurer)(8.07) —The Government is sympathetic with the objectives of the honourable member for Mitchell (Mr Cadman) in the amendment that he has moved. However, every other clause in this legislation has been thoroughly canvassed with the industry generally. We are reluctant to include this change at this last moment in the legislation, at this stage anyway. I thank the honourable member for his courtesy in letting me have a copy of his amendment a little earlier. It was only an hour ago and it was not long enough for me to get in touch with those with whom it is necessary to confer on matters such as this. I say to him, as I said in my second reading speech and indeed in my speech in closing the second reading debate, that the Government will bring further amending legislation into this Parliament in the next session. That is our intention. This amendment of his will be taken closely into consideration at that stage. This Government is devoted to seeking one way of achieving the objective of not allowing another case such as that of Bishopsgate to happen but other options are before the Government at the present time. I promise the honourable member for Mitchell that I will be looking very closely at his suggestion. I ask him not to press the amendment any further in this debate. We will be conferring with him, as well as others, when looking at further amendments to be made to the Life Insurance Act.

Amendment negatived.

Bill agreed to.

Bill reported without amendment; report adopted.