To seek power for the Commonwealth to make laws with respect to monopolies To seek temporary extension of Commonwealth legislative powers over Trade and Commerce, Corporations, Industrial matters and Trusts To give power to the Commonwealth to nationalise monopolies. To extend the Commonwealth's powers over trade, commerce, the control of corporations, labour and employment, including wages and conditions and the settling of disputes and combinations and monopolies To give the Commonwealth unrestricted power to take over State debts This was to replace the arrangement where the Commonwealth returned three-quarters of net revenue to the States To implement the agreement to allow the Commonwealth to make a fixed payment out of surplus revenue to the States according to population. To enable elections for both Houses to be held concurrently
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