Nick Sherry (Tasmania, Australian Labor Party, Minister Assisting the Minister for Tourism) Share this | Hansard source

As Senator Xenophon has outlined, I can confirm that on page 8 of the document I have tabled 4.5 says, ‘State must have reasonably adequate capital or access to capital’ and a range of details are listed. Under 4.6 it says, ‘State must submit independent assessment of state insurance arrangements’. A number of subparagraphs flow from there to the middle of page 9. They are new. On page 10 under 5.13, it says, ‘Reduction in state of assistance’. That paragraph outlines the action taken if a state fails to take appropriate action within a reasonable time. They are new provisions.

Before we move to the next part and the mechanism which Senator Xenophon has mentioned, I can acknowledge the senator’s positive contribution in seeking the inclusion of these provisions in the document. It is a consequence of his discussions and, indeed, insistence that these new provisions will be placed in the determination.