Senate debates
Thursday, 19 March 2009
Reserve Bank Amendment (Enhanced Independence) Legislation
10:06 am
David Bushby (Tasmania, Liberal Party) Share this | Link to this | Hansard source
I move:
- That the Senate—
- (a)
- notes that:
- (i)
- it has been 268 days since the House of Representatives received the Senate’s message regarding amendments to the Reserve Bank Amendment (Enhanced Independence) Bill 2008;
- (ii)
- the Treasurer (Mr Swan) in his second reading speech to the bill said, ‘These reforms that the Governor and I agreed to last year herald in a new era of independence and transparency in monetary policy in Australia. The introduction of this bill into the parliament today is a key step to delivering this’, and
- (iii)
- as a result of this inaction, the Government is failing to deliver on its ‘new era of independence and transparency’ for the Reserve Bank; and
- (b)
- sends a message to the House of Representatives requesting that the House immediately consider the Senate amendments to the Reserve Bank Amendment (Enhanced Independence) Bill 2008.
Question put.