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Legislative Assembly for the ACT: 2010 Week 7 Hansard (1 July) . . Page.. 3045..

MR BARR (continuing):

concessional and such leases are deemed to be market value leases. This closed loop will permit purchasers of land to tell whether the lease is concessional or at risk of being concessional.

Another key principle is the rule that a lease cannot be a concessional lease if it is a market value lease. This means that any lease of a type listed in part 5.2 in the new schedule 5 is deemed to be a market value lease and cannot be a concessional lease. Again, this principle makes it easier to tell whether a lease is concessional. If the lease is of a type listed in the new part 5.2, then the lease is a market value lease and is not concessional. This is the case irrespective of whether the lease is explicitly identified as a market value lease.

The bill contains a range of other features too numerous to elaborate on in this presentation speech this morning. I will leave a more exhaustive account of this bill until the detail stage. But I would like to recognise and thank the stakeholders who have contributed to the development of policy behind the new bill. The Law Society and the Property Council have both put considerable time and effort into the development of the policy underlining this bill and in the review of the exposure draft.

Specifically, these stakeholders have participated with representatives from ACTPLA and others in a working group on these issues. The Law Society has formally expressed its appreciation for the conduct of this working partnership and the opportunity to participate in the resolution of this pressing issue.

In saying that, I recognise the inevitability that this complex bill may not be worded in exactly the manner desired by the Law Society and the Property Council and I wish to make it clear that the government's door is open to further comments that these or other stakeholders may wish to make following the presentation of this bill and once we have seen the legislation in action.

The bill also reflects the good work of ACTPLA's staff, and I thank them again for their dedication to this task. I commend the bill to the Assembly.

Debate (on motion by Mr Seselja) adjourned to the next sitting.

Children and Young People Amendment Bill 2010

Ms Burch, pursuant to notice, presented the bill, its explanatory statement and a Human Rights Act compatibility statement.

Title read by Clerk.

MS BURCH (Brindabella—Minister for Disability, Housing and Community Services, Minister for Children and Young People, Minister for Ageing, Minister for Multicultural Affairs and Minister for Women) (10.46): I move:

That this bill be agreed to in principle.

I am pleased to table before the Assembly the Children and Young People Amendment Bill 2010, proposing amendments to the Children and Young People Act

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