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Legislative Assembly for the ACT: 2000 Week 6 Hansard (25 May) . . Page.. 1768 ..
MR HUMPHRIES (continuing):
ACTIC will be empowered to provide the full range of general insurance protection to all ACT government departments, statutory authorities, territory-owned corporations and entities in which the territory has a controlling interest. Budget-funded agencies and most statutory authorities will be required to insure through ACTIC. Territory-owned corporations may choose to be covered by ACTIC.
The board of ACTIC will consist of six directors. The Treasurer will appoint two directors from client agencies and two persons with qualifications or expertise relevant to insurance or risk management. The chief executive of the Department of Treasury and Infrastructure and the general manager of ACTIC also will be directors.
Mr Speaker, the Insurance Corporation Bill 2000 represents a logical extension of the self-insurance arrangements introduced by this government over the last three years. I commend the bill to the Assembly.
Debate (on motion by Mr Quinlan ) adjourned.
MR HUMPHRIES (Treasurer, Attorney-General and Minister for Justice and Community Safety) (11.01): Mr Speaker, I present the Land Titles Legislation Amendment Bill 2000, together with its explanatory memorandum.
Title read by Clerk.
MR HUMPHRIES: I move:
That this bill be agreed to in principle.
The Land Titles Legislation Amendment Bill 2000 contains a number of reforms to the law dealing with land titles in the ACT. Some are quite minor, while others are more important reforms. All are aimed at clarifying the law and making it easier to use.
The bill amends section 62 of the Land Titles Act, which provides for the replacement of a lost grant or certificate of title. Until now the Registrar-General has been required to publish in a daily newspaper circulating in the territory at least 14 days before the issuing of a new title document notice of his or her intention to issue the new grant or certificate. The requirement to publish often creates a difficult delay, especially when the loss of the certificate is not discovered until settlement is due under a contract.
Over a number of years it has become clear to staff at the Registrar-General's Office that the notices published in the Canberra Times, as the paper chosen inevitably, very seldom have any effect. This amendment gives the Registrar-General discretion to decide whether to advertise. It will allow the Registrar-General to consider all the circumstances before deciding that publication of a notice would be appropriate. This brings the Land Titles Act into line with New South Wales legislation on land titles, which does not require the publication of a notice before a new title deed is issued.
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