Senate debates

Tuesday, 28 February 2006

Future Fund Bill 2005

In Committee

5:24 pm

Photo of Nick MinchinNick Minchin (SA, Liberal Party, Minister for Finance and Administration) Share this | Hansard source

My point, despite the interjections, is that, even if you were to set up such a mechanism, somebody has to appoint the independent board that is going to scrutinise all these things, and if it is a Scottish Labour government you see the results you get. So we recognise the potential disease to which Senator Murray refers. We think that that is more than adequately catered for, and the sort of path which he would go down is itself fraught with the risks that Scotland highlights. But I think this very debate does highlight for our government and any future government the considerable care that must be taken and must be seen to be taken in the appointment of board members, and I assure this parliament and the people of Australia that due care will be taken.

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