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Legislative Assembly for the ACT: 1997 Week 6 Hansard (19 June) . . Page.. 1910 ..

Mr Speaker, this Bill introduces amendments to the Territory Owned Corporations Act 1990 which will provide the necessary legislative support and infrastructure for the Government to administer an equitable system of tax equivalents for Territory owned corporations.

Subjecting Territory owned businesses to tax equivalent regimes is in accordance with the national competition reform program.

In 1994 the then Treasurer agreed with the States, the Northern Territory and the Commonwealth on the principles for implementing the competition reforms. In 1995 the ACT became a signatory to the agreements giving effect to the national competition policy.

Mr Speaker, a key component of the national competition policy framework is to eliminate

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