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Legislative Assembly for the ACT: 1998 Week 9 Hansard (19 November) . . Page.. 2668 ..

MR STANHOPE: I amend the notice by omitting paragraph 2(c) and substituting the following paragraph 2(c), "two Members to be nominated by the four Members of the cross benches". I now move the motion, as amended, standing in my name on the notice paper, which proposes the establishment of a select committee to inquire into and report on the Territory's superannuation debt and related matters:

That:

(1) a Select Committee be appointed to inquire into and report on the Territory's superannuation commitments, with particular reference to:

(a) the adequacy of the Towers Perrin reports, entitled Report on the Development of Alternative Superannuation Arrangements for the Australian Capital Territory Public Sector and Report on the Financial Management of ACT Government Financed Superannuation Liabilities as a guide to the magnitude of the Territory's superannuation commitments;

(b) the efficacy of the proposed one-off funding option to settle the Territory's unfunded superannuation liability;

(c) any alternatives to the proposed one-off funding option;

(d) the potential downstream impacts on the ACT economy of each of the alternatives identified for meeting the Territory's unfunded superannuation liability;

(e) in relation to the proposed sale of ACTEW, the effectiveness of any regulatory regime in achieving:

(i) consumer protection mechanisms;

(ii) fair and just price setting mechanisms;

(iii) adequate service standards; and

(iv) an adequate level of maintenance of system infrastructure; and

(f) any other related matter.

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