Page 1361 - Week 05 - Tuesday, 10 May 1994
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MR STEVENSON (4.07): I was most interested to hear Mr Kaine's remarks and would like to hear the Chief Minister's reply to them. I noted that in the Chief Minister's speech she stated:
The new agreement also abolishes the past restrictions on States and the Northern Territory borrowing in their own name ...
Later on she stated:
The Australian Capital Territory undertakes borrowings on its own behalf ...
It did seem to be a little contradictory. She also said:
This is a further milestone in achieving an equal footing with the States ...
I think many people might think it is a millstone in becoming a State.
MS FOLLETT (Chief Minister and Treasurer) (4.08), in reply: I have to admit that the subclause which Mr Kaine has raised, subclause 4(9), contains a double negative. I am anxious to get a proper explanation of that as well. It does seem to me to be somewhat obscure in its drafting, although I note that it has passed the Scrutiny of Bills Committee. However, Madam Speaker, I think that in order to get a clear statement - the only two speakers have both raised pretty much the same issue - it possibly would be best if I adjourned the matter for a short time, if I am allowed to do that. I seek leave to adjourn the debate.
Leave granted.
MS FOLLETT: I move:
That the debate be adjourned.
Question resolved in the affirmative.
PAYROLL TAX (AMENDMENT) BILL 1994
Debate resumed from 21 April 1994, on motion by Ms Follett:
That this Bill be agreed to in principle.
MR KAINE (4.09): The Opposition supports the Government on this Bill. In fact, it is one of those things that the Government does from time to time that are quite sensible and that we support. The necessity for the Bill flows from an amendment to the Commonwealth Fringe Benefits Tax Assessment Act which changed the method of calculating an employer's liability for fringe benefit tax as from 1 April.
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