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Legislative Assembly for the ACT: 1998 Week 4 Hansard (25 June) . . Page.. 1181 ..

Mr Speaker, the Government, recognising its responsibilities under National Competition Agreements and in accordance with the Competitive Neutrality in the ACT Policy Statement, has commenced the process of reviewing the taxation liability of all ACT Government business enterprises.

Mr Speaker, all taxation revenues raised from ACT Government business enterprises, whether it be Commonwealth income tax or wholesale sales tax equivalents or any of the range of Territory taxes, will be retained by the Territory.

This process is designed to remove any unfair advantages enjoyed by entities within the public sector compared to competitors in the private sector. One of the most obvious advantages is exemption from taxation, due to public ownership.

Mr Speaker, a number of ACT Government business enterprises are separate legal entities, such as statutory authorities. This Bill introduces legislation

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