Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . .

Legislative Assembly for the ACT: 1997 Week 6 Hansard (19 June) . . Page.. 1913 ..

consultation with concerned Territory owned corporations, ACTEW and Totalcare Industries. These Instructions set out how and on what basis both income tax and sales tax equivalents will be assessed and collected.

Following these amendments the Territory Owned Corporations Act and the Treasurer's Instructions will provide a tax equivalent regime which is uniform with those being implemented in the States, and conforms with the treatment of specific issues determined by the Joint Commonwealth/State Standing Committee on Tax Equivalent Regimes.

Mr Speaker, the introduction of the ACT tax equivalent regime and this amendment of the Territory Owned Corporations Act and their application to government businesses is not the end of the reform process. It is another step in a process linked to government's broader reform agenda including:

Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . .