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This Bill is the second of the two Bills required to corporatise ACTEW. This Bill amends a number of laws as a consequence of the corporatisation of ACTEW. These laws include the Electricity and Water Act 1988, the Public Interest Disclosure Act 1994, the Public Sector Management Act 1994 and the Territory Owned Corporations Act. The Bill also contains transitional provisions to ensure that, after 1 July 1995, certain actions taken prior to that date continue to have effect.

Amendments to the Electricity and Water Act provide for the repeal or removal of provisions that are no longer relevant. They also include a list of matters that can be dealt with by regulation, to continue to give effect to Canberra water and sewerage regulations. Amendments to the Public Interest Disclosure Act will allow the exclusion of ACTEW as an instrumentality under this Act. The Public Sector Management Act has also been amended to remove references to the former ACTEW, as they will be redundant on corporatisation. Changes to the Territory Owned Corporations Act will result in ACTEW Corporation Ltd being included as a Territory-owned corporation. Amendments to this Act also modify some parts for ACTEW only. For example, modifications will allow the acquisition and disposal of subsidiaries that are not wholly owned. Other modifications relate to the exemption of payment by ACTEW of capital gains tax. Details of this Bill are set out in the explanatory memorandum. I commend the Bill to the Assembly.

Debate (on motion by Mr Whitecross) adjourned.

AUCTIONEERS (AMENDMENT) BILL 1995

MR HUMPHRIES (Attorney-General) (10.49): Mr Speaker, I present the Auctioneers (Amendment) Bill 1995, together with the explanatory memorandum for this Bill, the Pawnbrokers (Amendment) Bill 1995 and the Second-hand Dealers and Collectors (Amendment) Bill 1995.

Title read by Clerk.

MR HUMPHRIES: I move:

That this Bill be agreed to in principle.

This Bill forms one part of a package of three cognate Bills which will amend the Auctioneers Act 1959, the Pawnbrokers Act 1902 and the Second-hand Dealers and Collectors Act 1906. I should explain that the Magistrates Court is the licensing authority for each of the three Acts. The Auctioneers Act and the Second-hand Dealers and Collectors Act require, in effect, the Australian Federal Police to certify that a person is of good character before that person can be licensed and require the individual investigation of each applicant, including interviewing friends and associates.

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