Bob Brown (Tasmania, Australian Greens) Share this | Link to this | Hansard source

I seek leave to amend general business notice of motion No. 227 standing in my name, relating to termination payouts for executives. I wish to amend the motion to make it contemporary by substituting the two words ‘currently before’ with the two words ‘passed by’. The motion refers to the economic reform package now passed by the US Congress.

Leave granted.

I move the motion as amended:

That, in light of the $US700 billion economic reform package to address the financial crisis in the United States of America (US) passed by the US Congress, which includes potential restrictions on chief executive officers’ ‘golden handshake’, the Senate calls on the Australian Government to investigate similar measures for termination payouts for executives.

Question put: