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Wednesday, 23 October 1974
Page: 1895

Senator GUILFOYLE (Victoria) - I indicate on behalf of the Opposition that this wording fulfils our intention. Therefore, I move:

At the 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 under Section 43 a statement of-

(a)   the guarantees given by the Commission under paragraph (l)(a) during the year to which the report relates;

(b)   the limits that the Treasurer has determined under sub-section (2); and

(c)   the total amount the subject of the guarantees referred to in paragraph ( a ). '.

This is an amendment with regard to the information for the Parliament on the guarantees given under the Treasurer's determinations. It was simply to ensure that this sort of information was available that we used the words in the original amendment. I believe that what has now been moved will provide for that as a requirement in respect of the annual report to this place.

Amendment agreed to.

Clause, as amended, agreed to.

Clause 7.

The Commission may, with the approval of the Minister but not otherwise, form, or participate with another person in the formation of, a company for the purpose of carrying on the business of making, promoting, distributing or exhibiting films and acquire, hold and dispose of shares or stock in the capital of a company carrying on such a business.

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