Senator Bushby to move on the next day of sitting:

That the following matters be referred to the Economics References Committee for inquiry and report by 15 September 2009:

(a)

the circumstances and basis of the decision to introduce an unlimited bank deposit guarantee and of subsequent decisions to change or define the guarantee;

(b)

the circumstances and basis of the decision to introduce an unlimited wholesale bank funding guarantee and of subsequent decisions to change or define the guarantee;

(c)

the effect that the initial announcement of, and subsequent changes to, an unlimited bank deposit guarantee had on operations of the Australian financial sector, including for entities not regulated by the Australian Prudential Regulation Authority (APRA);

(d)

the effect that the initial announcement of, and subsequent changes to, an unlimited wholesale bank funding guarantee had on the operations of the Australian financial sector, including for entities not regulated by APRA;

(e)

the estimated effect of the bank deposit and wholesale funding guarantees on interest rates in Australia;

(f)

how Australia’s deposit guarantee and wholesale funding guarantee schemes compare with guarantees offered in other countries and the way in which these schemes were introduced and changed in major overseas countries;

(g)

the interaction between the deposit guarantee scheme and other recent measures implemented by the Government since September 2008, including the wholesale funding guarantee and the purchases of residential mortgage backed securities;

(h)

the nature of the financial and economic distortions that the unlimited deposit guarantee scheme has created vis-a-vis savings products that are not covered by the guarantee scheme;

(i)

the optimal cap, if any, for the deposit guarantee in the light of international experience;

(j)

recommendations for ameliorating the moral hazard associated with the deposit guarantee and wholesale funding guarantees;

(k)

recommendations for timelines and for policies to credibly remove the wholesale funding guarantee and to reduce the deposit guarantee to any recommended optimal cap;

(l)

the effects of the bank deposit guarantee and wholesale funding guarantee on competition within the financial sector;

(m)

the effects of the announcement of the unlimited bank deposit guarantee and unlimited wholesale funding guarantee on consumer and business confidence;

(n)

the broader economic and social consequences of these distortions;

(o)

the size and nature of the contingent liability that the unlimited deposit guarantee has created for Australian taxpayers; and

(p)

other matters relevant to the bank deposit guarantee and wholesale funding guarantee that the committee considers appropriate.

Senator Milne to move on the next day of sitting:

That the Senate—

(a)

acknowledges proposals submitted by the Federated States of Micronesia and Mauritius to amend the Montreal Protocol on Substances that Deplete the Ozone Layer to regulate and phase-down hydrofluorocarbons (HFCs) with a high global warming potential, and promote the destruction of banks of ozone-depleting substances at the Montreal Protocol Open Ended Working Group meeting to be held in Geneva from 13 July to 18 July 2009;

(b)

notes that these proposals will strengthen the protocol to provide fast-action climate change mitigation several times greater than the emission reductions sought during the first commitment period of the Kyoto Protocol to the United Nations Framework Convention on Climate Change (UNFCCC);

(c)

recognises the importance of these and other fast-action mitigation strategies to reduce the threat of crossing tipping points for abrupt, irreversible and catastrophic climate changes – tipping points many leading scientists now warn may be only a few years away; and

(d)

calls on the Government to support the proposals from the Federated States of Micronesia and Mauritius, and to recognise the need to work towards an HFC phase-out coordinated between the UNFCCC and the protocol, and to seek amendments that will enable the UNFCCC and the protocol to both play important collaborative roles in the phase-out of HFCs.

Senator Forshaw to move on the next day of sitting:

That the Joint Standing Committee on Foreign Affairs, Defence and Trade be authorised to hold a public meeting during the sitting of the Senate on Wednesday, 24 June 2009, from 11 am, to take evidence for the committee’s inquiry into Australia’s trade and investment relations with Asia, the Pacific and Latin America.

Senator McEwen to move on the next day of sitting:

That the time for the presentation of the report of the Environment, Communications and the Arts Legislation Committee on the Environment Protection (Beverage Container Deposit and Recovery Scheme) Bill 2009 be extended to 17 September 2009.

Senator Moore to move on the next day of sitting:

That the time for the presentation of the report of the Community Affairs Legislation Committee on the provisions of the Social Security and Other Legislation Amendment (Pension Reform and Other 2009 Budget Measures) Bill 2009 be extended to 24 June 2009.

Senator Bernardi to move on the next day of sitting:

(1)

That so much of the standing orders be suspended as would prevent this resolution having effect.

(2)

That from 9.30 am on 12 August 2009, the Crimes Legislation Amendment (Enhanced Child Protection from Predatory Tourism Offences) Bill 2008 have precedence over all government business until determined.

Senator Fisher to move on the next day of sitting:

That there be laid on the table by the Minister representing the Minister for Employment and Workplace Relations, no later than 5 pm on Wednesday, 24 June 2009:

(a)

a copy of any documentation provided to the Government by the Australian Building and Construction Commissioner, the Honourable John Lloyd (or by the Department of Education, Employment and Workplace Relations), reflecting his views on the report by the Honourable Justice Murray Wilcox, Transition to Fair Work Australia for the Building and Construction Industry; and

(b)

the Ministerial Directions referred to by the Deputy Prime Minister (Ms Gillard) in her second reading speech of 17 June 2009 on the Building and Construction Industry Improvement Amendment (Transition to Fair Work) Bill 2009 and issued by her (whether on 17 June 2009 or otherwise) to the Australian Building and Construction Commissioner (ABCC):

(i)

under section 12 of the Building and Construction Industry Improvement Act 2005, to provide a report outlining ‘the ABCC’s resources allocation and placement compared to locations with high levels of unlawfulness as evidenced by allegations, investigations, prosecutions, audits and the like’, and

(ii)

under the Act to the ABCC, concerning the application of coercive powers and the conduct of compulsory interviews.

Senator Ludlam to move on the next day of sitting:

That the following bill be introduced: A Bill for an Act to reform anti-terrorism laws, and for related purposes. Anti-Terrorism Laws Reform Bill 2009.

Senator Bob Brown to move on the next day of sitting:

That the Senate—

(a)

expresses its support for all Iranian citizens who embrace the values of freedom, human rights, civil liberties and rule of law;

(b)

condemns the ongoing violence against demonstrators by the Government of Iran and pro-government militias, as well as the ongoing government suppression of independent electronic communication through interference with the Internet and cell phones; and

(c)

affirms the universality of individual rights and the importance of democratic and fair elections.

Senator Parry to move on the next day of sitting:

That, commencing from 9.30 am on Wednesday, 24 June 2009, the orders of the day for the following bills, deemed urgent by the Government:

Rural Adjustment Amendment Bill 2009

Health Workforce Australia Bill 2009

Tax Laws Amendment (2009 Budget Measures No. 1) Bill 2009

National Greenhouse and Energy Reporting Amendment Bill 2009

Car Dealership Financing Guarantee Appropriation Bill 2009

Social Security and Other Legislation Amendment (Pension Reform and Other 2009 Budget Measures) Bill 2009,

as well as the order of the day relating to Appropriation Bill (No. 1) 2009-2010 and two related bills, be called on and determined before the order of the day relating to the Carbon Pollution Reduction Scheme Bill 2009 and 10 related bills is called on.

Senator Coonan to move on the next day of sitting:

That the following matter be referred to the Economics References Committee for inquiry and report by 17 August 2009:

The operation of employee share schemes in Australia, including:

(a)

the structure and operation of employee share schemes;