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Wednesday, 23 October 1974
Page: 1894

Senator GUILFOYLE (Victoria) - I propose to move an amendment in the following terms:

At end of clause insert new sub-clause as follows:

(4)   The Commission shall set out in its Annual Report prepared and furnished to the Minister pursuant to section 43 a statement of such guarantees given by the Commission during the period to which the Report relates, the limits which the Treasurer has determined and the total amount of moneys the subject of such guarantees.

The Opposition considers that this item may have been included in the annual report prepared by the Commission but, so that the Parliament is in possession of the information to the extent that the Opposition believes is necessary, it has simply added this as a requirement of accountability to the Parliament for moneys which have been guaranteed to the extent to which the Treasurer has determined. I need say no more than that it is simply a seeking of information for the Parliament of the operations of the Commission, bearing in mind that these are guarantees to the limit determined by the Treasurer. The Opposition seeks the inclusion of this new sub-clause (4) as I have described it.

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