Legislative Assembly for the ACT: 2010 Week 7 Hansard (29 June) . . Page.. 2694..
MS GALLAGHER (continuing):
I believe this bill is in keeping with good governance and recognises that it is in the public interest to provide a clear statement about the level of executive remuneration applying to each territory-owned corporation. Disclosing this level of information in the annual report will allow interested stakeholders to properly gauge whether the respective remuneration that is being paid to directors and senior management is fair and reasonable, recognising the need to recruit and retain people who are capable of enhancing the performance of the company and the significant responsibilities that those directors and senior managers have as employees and directors of those companies.
In closing, I would like to thank the territory-owned corporations for the cooperation, advice and conversations I have had with them, particularly ACTTAB and Actew, in seeking to resolve this matter in the interests of the community and, indeed, the Assembly. I thank members for their support.
Question resolved in the affirmative.
Bill agreed to in principle.
Leave granted to dispense with the detail stage.
Bill agreed to.
Appropriation Bill 2010-2011
Debate resumed from 6 May 2010.
MR SPEAKER: Members, standing order 180 sets down the order in which this bill will be considered; that is, in the detail stage, any schedule expressing the services for which the appropriation is to be made must be considered before the clauses and, unless the Assembly otherwise orders, the schedules will be considered by proposed expenditure in the order shown.
With the concurrence of the Assembly, I am proposing that the Assembly consider schedule 1 by each part, consisting of net cost of outputs, capital injection and payments on behalf of the territory. Is this the wish of the Assembly? That being so, schedule 1 will be considered by each part, consisting of net cost of outputs, capital injection and payments on behalf of the territory, then the clauses prior to schedule 2 and the title.
Proposed expenditure—Part 1.1—Legislative Assembly Secretariat—$7,048,000 (net cost of outputs), $432,000 (capital injection) and $5,625,000 (payments on behalf of the territory), totalling $13,105,000.