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Legislative Assembly for the ACT: 1998 Week 9 Hansard (19 November) . . Page.. 2651 ..


Thursday, 19 November 1998

__________________________

MR SPEAKER (Mr Cornwell) took the chair at 10.30 am and asked members to stand in silence and pray or reflect on their responsibilities to the people of the Australian Capital Territory.

PAPER

MR BERRY: I seek leave to present a petition which does not conform with standing orders.

Leave granted.

MR BERRY: I present an out-of-order petition from 470 residents concerning the closure of Spence Primary School.

RATES AND LAND TAX (AMENDMENT) BILL (NO. 2) 1998

MS CARNELL (Chief Minister and Treasurer) (10.33): Mr Speaker, I present the Rates and Land Tax (Amendment) Bill (No. 2) 1998, together with its explanatory memorandum.

Title read by Clerk.

MS CARNELL: Mr Speaker, I move:

That this Bill be agreed to in principle.

This Bill introduces amendments to the Rates and Land Tax Act 1926 which will secure the Territory's rates and land tax revenue base, strengthen compliance provisions in the area of residential land tax and provide greater equity for landowners in certain cases. Mr Speaker, the Bill allows the Commissioner for ACT Revenue to delegate her powers and functions under the Rates and Land Tax Act. This delegation is currently made under the Taxation (Administration) Act 1987. Legal advice is that delegation of these powers under the Rates and Land Tax Act will remove any possibility of challenge to decisions made under delegation and will, therefore, protect the rates and land tax revenue base. This revenue is estimated at $131.53m for 1998-99.


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