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Thursday, 27 April 1972
Page: 1360

Senator CAVANAGH (SOUTH AUSTRALIA) - Will the AttorneyGeneral peruse any proposed legislation by the Victorian Government on the question of Thomas Nationwide Transport Ltd and Ansett Transport Industries Ltd share transactions to ensure that such legislation does not transgress Commonwealth corporations legislation or powers?

Senator GREENWOOD - 1 shall in due course see the legislation which is to be introduced, and presumably passed, by the Victorian Parliament, lt is unquestionably the case in this country that companies legislation is the province of the States and has been so for many years. As I am presently aware, there is no Commonwealth legislation which would conflict with the action which is proposed by the Victorian Parliament. .But I make that statement not having seen the precise provisions and on the assumption that it will be as the Press has outlined. Any question of whether Commonwealth powers - there are many Commonwealth powers, some of which might be relevant in this area and others which I imagine would not be relevant - should at any stage be exercised by the Parliament is essentially a matter for the Government and Government policy.

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