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Thursday, 24 May 1973
Page: 2627

Mr NIXON (Gippsland) - The Opposition agrees entirely with what has just been said by the Minister. The use of the word 'if was unfortunate. It was picked up by the Leader of the Opposition (Mr Snedden) when he spoke during the second reading debate. The word 'upon', which is to be substituted is a much more diplomatic word for a Bill of this nature.

Amendment agreed to.

Clause, as amended, agreed to.

Clauses 8 to 12 - by leave - taken together, and agreed to.

Clause 13.

Section 31 of the Principal Act is amended:

(a)   by omitting sub-sections (1) and (2) and substituting the following sub-sections:

(1)   The Commission may, with the approval of the Treasurer, borrow moneys from time to time in such amounts as the Minister certifies are, in his opinion, necessary for the exercise of its powers or the performance of its duties or functions under this Act.

(2)   The Treasurer may, on behalf of the Commonwealth, out of moneys appropriated by the Parliament for the purpose, lend to the Commission, at such rate of interest and on such other terms and conditions as he determines, moneys that the Commission is authorised to borrow under sub-section (1).';

(b)   by omitting from sub-section (4) the words with the concurrence of the Minister,'; and

(c)   by omitting sub-section (6).

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