I thank Senator Cormann for his contribution to the debate on the Statute Stocktake Bill (No.1) 2011. The bill, if passed, will abolish 39 special appropria­tions, including a statutory special account, by repealing redundant provisions in 11 acts and repealing 25 acts in their entirety. This reflects the government's commitment to enhancing transparency and accountability in the Commonwealth's financial framework, as consistent with the government's response to Operation Sunlight.

Question agreed to.

Bill read a second time.