Page 1640 - Week 06 - Thursday, 20 May 1993
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CASINO CONTROL (AMENDMENT) BILL 1993
MS FOLLETT (Chief Minister and Treasurer) (10.33): Madam Speaker, I present the Casino Control (Amendment) Bill 1993.
Title read by Clerk.
MS FOLLETT: I move:
That this Bill be agreed to in principle.
This Bill will amend the Casino Control Act 1988 to allow the licensee for Casino Canberra to account for the financial operation of the casino on the basis of a financial year ending on 31 December. At present, by virtue of the operation of the Interpretation Act, the casino is required to provide financial statements and accounts on the basis of a financial year ending on 30 June. However, as Casino Canberra is a subsidiary of an Austrian company that reports on a calendar year basis, this arrangement is impractical and inefficient.
The Bill rectifies this by amending the definition of "financial year", and also provides for the necessary transitional arrangements in respect of the financial year ending on 31 December 1992. The Bill requires the casino licensee to submit to the Minister the relevant financial statements and accounts for the financial year ending 31 December 1992 as soon as practicable, but not later than 21 days after the commencement of the Bill. The Bill also requires the licensee to cause the books, accounts and financial statements for the year ending 31 December 1992 to be audited as soon as practicable after the commencement of the Bill. I now present the explanatory memorandum for the Bill.
Debate (on motion by Mr Kaine) adjourned.
SUPPLY BILL 1993-94
MS FOLLETT (Chief Minister and Treasurer) (10.35): I present the Supply Bill 1993-94.
Title read by Clerk.
MS FOLLETT: I move:
That this Bill be agreed to in principle.
This Bill is to authorise expenditure from the Consolidated Revenue Fund after 1 July 1993. It is an interim Bill that will lapse upon the enactment of the Appropriation Bill 1993-94, which will be introduced into this Assembly with the 1993-94 budget for the ACT. Supply Bills are the traditional means of continuing government services pending passage of the budget.
The Bill authorises an amount of $643,367,300 to be issued by the Treasurer from the Consolidated Fund. This amount will be issued for the programs specified in the schedule to cover payments necessary for the continuing operation of government services. The amounts for each program provide for expenditure for the interim period between the commencement of the financial year and the
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