David Leyonhjelm (NSW, Liberal Democratic Party) Share this | Hansard source

I move amendment (1) on sheet 7759:

(1) Clause 2, page 2 (table item 2), omit "6 months", substitute "12 months".

This is a very minor amendment and it simply reflects feedback that I have had, and I am sure others have had the same feedback, to the effect that six months is an insufficient period for a number of major organisations to adjust their contracts to take account of the legislation. Indeed, the Bankers' Association sought 12 months and Westpac sought two years and has been earbashing everyone who wants to pay attention. The fact is that adjusting standard form contracts in a period of six months is quite a challenge. I think this is a minor amendment which will allow them practical time in which to accommodate the provisions of this act.