Page 985 - Week 04 - Thursday, 18 June 1992
Next page . . . . Previous page . . . . Contents . . . . Debates(HTML) . . . . PDF . . . .
Madam Speaker, on 17 December 1991 the Assembly passed the Stamp Duties and Taxes (Amendment) Act 1991, which, amongst other things, shifted the liability for the payment of duty on non-residential leases from the lessee to the lessor. The impetus for this change was to bring within the stamp duty net buildings leased out to the Commonwealth and Territory governments. Unfortunately, Madam Speaker, the Stamp Duties and Taxes (Amendment) Act 1991 did not fully implement this intent and, therefore, this Bill also includes amendments which will ensure that buildings leased out to the Commonwealth and Territory governments will now be liable for duty. These amendments will ensure that the additional revenue anticipated from shifting liability to the lessor will be achieved. This has been estimated at $400,000 in a full year. The revenue forgone in relation to the motor dealer amendment and the vintage, veteran and historic vehicle concessions is expected to be insignificant. I now present the explanatory memorandum for the Bill.
Debate (on motion by Mr De Domenico) adjourned.
DISTINGUISHED VISITORS
MADAM SPEAKER: I would like to inform members of the presence in the gallery of a delegation from the British Virgin Islands led by the Honourable Cyril Romney, Leader of the Opposition. On behalf of all members, I bid you a warm welcome.
HOLIDAYS (AMENDMENT) BILL 1992
MR BERRY (Minister for Health, Minister for Industrial Relations and Minister for Sport) (10.38): Madam Speaker, I present the Holidays (Amendment) Bill 1992.
Title read by Clerk.
MR BERRY: I move:
That this Bill be agreed to in principle.
Madam Speaker, the Holidays Act currently provides for a substitute public holiday to be provided when Christmas Day, Boxing Day or New Year's Day falls on a Sunday. There is no provision for a substitute holiday when any of those days falls on a Saturday. Considerable confusion has occurred on the three occasions in the past 10 years when those holidays fell on a Saturday. Most ACT awards provide that where Christmas Day, Boxing Day or New Year's Day falls on a Saturday the public holiday automatically transfers to the Monday or Tuesday in the following week. However, it has not been the practice to declare a general public holiday, because the great majority of workers are covered by award provisions and because the declaring of an alternative day for the holiday may have caused a further holiday to be incurred because of the terminology used in some awards.
Next page . . . . Previous page . . . . Contents . . . . Debates(HTML) . . . . PDF . . . .