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Wednesday, 14 August 1974
Page: 898

Senator MURPHY (New South WalesAttorneyGeneral) -Firstly, the Bill does not touch the structure of these associations. Next, regarding general restraints which they might be managing, if I may use that neutral term, there would be a 4 months delay. Price fixing arrangements which they might be, if you like, facilitating or initiating or carrying out would be outlawed immediately, as they should be. Let there be no doubt about it that that activityprice fixing arrangements- would come to an end upon the Bill coming into operation- and further price fixing agreements also would be outlawed. As to the restraints which such bodies might be carrying on, inducing or promoting there would be 4 months in which they could wind up those restraints. But the structure of the associations themselves is untouched by the Bill. When I say that, I mean it in the sense that the Bill does not dissolve them or anything like that. But of course if their operations were in contravention of the Act they would be subject to the penalties and the various other provisions of the Act.

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