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Legislative Assembly for the ACT: 1997 Week 8 Hansard (28 August) . . Page.. 2606 ..

Detail Stage

Bill, by leave, taken as a whole.

MRS CARNELL (Chief Minister and Treasurer) (12.20): I move:

Page 2, line 3, clause 4, proposed section 19A, omit the proposed section, substitute the following section:

"Payments under certain agreements with the Commonwealth

`19A. (1) Where an agreement between the Territory and the Commonwealth requires the Territory to pay an amount to a person in respect of tax or duty paid by the person to the Commonwealth -

(a) the amount may be paid to the person; and

(b) all expenses incurred by the Territory in making the payment (including money payable for salaries) may be paid.

`(2) Money payable under subsection (1) is payable out of the public money of the Territory, which is appropriated accordingly.

`(3) A payment made by a department under subsection (1) shall be reported in notes to the financial statements of the department that relate to the financial year during which the payment was made.

`(4) Subsections (1) and (2) cease to have effect on the expiration of 30 June 2000.'.".

I present the supplementary explanatory memorandum. On Tuesday I introduced the Financial Management (Amendment) Bill (No. 3) 1997, which inserts into the Financial Management Act a section which will allow the Territory to provide subsidies to taxpayers and to make payments of amounts paid as excess taxes or duty to the Commonwealth as a result of measures introduced after the High Court decision on franchise fees.

I cannot see where the Financial Management (Amendment) Bill actually has anything to do with taxation reform or anything to do with the Prime Minister's policies in this area. Mr Speaker, I agree with your view. I think that Ms Tucker's speech was the most irrelevant speech I have ever heard - probably since yesterday. That is not the issue here today.

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