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Legislative Assembly for the ACT: 1997 Week 10 Hansard (25 September) . . Page.. 3421 ..

The nature of the Commission and the environment in which it operates are such that it will have a major beneficial impact on the economic development and well-being of the Territory.

Development of the legislation has been undertaken in full consultation with all ACT Government agencies and similar organisations in other jurisdictions.

The Commission will commence its operations on the day on which the Act is notified in the Gazette.

Mr Speaker, I commend to you the Independent Pricing and Regulatory Commission Bill 1997 as one of the most significant legislative initiatives that will not only allow the ACT to meet its commitments under the National Competition Agreement and various COAG agreements but, more importantly, will allow the Government to ensure the ACT economy becomes more competitive and efficient in the national sphere.

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