Page 2026 - Week 07 - Thursday, 23 August 2007
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These are a continuation of the “direct grant” to “direct sale” amendments.
Amendments agreed to.
Clause 235, as amended, agreed to.
Clause 236.
MR BARR (Molonglo—Minister for Education and Training, Minister for Planning, Minister for Tourism, Sport and Recreation, Minister for Industrial Relations) (9.03): I move amendment No 93 circulated in my name [see schedule 1 at page 2065].
This is another “direct grant” to “direct sale” amendment.
Amendment agreed to.
Clause 236, as amended, agreed to.
Clauses 237 and 238, by leave, taken together and agreed to.
Clause 239.
MR BARR (Molonglo—Minister for Education and Training, Minister for Planning, Minister for Tourism, Sport and Recreation, Minister for Industrial Relations) (9.04): I seek leave to move amendments Nos 94 and 95 circulated in my name together.
Leave granted.
MR BARR: I move amendments Nos 94 and 95 circulated in my name together [see schedule 1 at page 2065].
Amendment 94 revises clause 239 (2) (a) of the bill to amend the language of the provision to refer to a rental lease, because that is the term used in the bill and defined in clause 226 of the bill, by looking at definitions in chapter 9. Subclause (1) of clause 239 does not apply to a rental lease that is granted for the full market value of the lease.
Amendment 95 modifies clause 239 of the bill by inserting new subclauses (3) and (4). New subclause (3) states that an entity pays an amount that is not less than the market value if the total monetary component and the works component is not less than the market value. This clause clarifies that market value payment for a lease can be comprised of money and infrastructure or other works, provided that the total value of these items is equivalent to market value. This recognises that leases are occasionally granted where payment is by way of both money and in-kind services or works.
Amendments agreed to.
Clause 239, as amended, agreed to.
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