Page 2820 - Week 09 - Thursday, 26 August 1993

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CHIEF MINISTER FOR THE AUSTRALIAN CAPITAL TERRITORY

LEGISLATIVE ASSEMBLY QUESTION

Question No. 846

Agents - Statutory Interest Account

MR CORNWELL - Asked the Minister for Housing and Community Services (Question on Notice transferred to the Chief Minister) upon notice on 17 August 1993:

In relation to the Statutory Interest Account established under clause 71N of the

Agents Act 1968

(1) How much money was in the Account at :,

(a) 30 June 1992 and

(b) 30 June 1993.

(2) How much of these funds at (1) has been allocated to each category as set out at

clause 71Q (1)(a) and (b) and 2(a) and (b) of the Agents Act 1968.

(3) In respect of funds applied under 71Q (2)(b) (a) how many persons were assisted; and (b) how many were assisted to (i) acquire; and (ii) rent dwellings.

MS FOLLETT - The answer to the Members question is as follows

(1) (a) The Statutory Interest Account did not exist on 30 June 1992.It

commenced with a. zero balance on 1 July 1992 following the

commencement of the relevant provisions of the Agents (Amendment)

Act 1992.

(b) The cash balance in the account at 30 June 1993 was $600,000.

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