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Legislative Assembly for the ACT: 2010 Week 8 Hansard (17 August) . . Page.. 3404..


MR SMYTH (continuing):

data in this instance, unless she is trying to magnify the performance of the ACT economy as the trend and seasonally adjusted GDP for the Australian economy was, in fact, 2.7 per cent in the year to the March quarter 2010.

Likewise, the Treasurer has used original data to analyse the performance of the ACT in terms of state final demand. Again, I do not know why she has done that, because the trend in seasonally adjusted data for the ACT shows that state final demand grew by eight per cent in the year to the March quarter 2010.

Just while I am commenting on state final demand, I would note that the position in the ACT is that demand has reduced quite dramatically in the March quarter in trend terms after growth of 1.9 per cent, 2.7 per cent and 2.0 per cent in the previous three quarters. There was a growth of only 1.2 per cent in the latest quarter. In seasonally adjusted terms, after growth of 2.5 per cent, 2.9 per cent and 2.7 per cent in the previous three quarters, there was a decline of 0.40 per cent in the latest quarter. I acknowledge that the quarterly data is subject to revision, but there appear to be some signs of concern emerging from this data, and I hope the Treasurer is not attempting to gloss over these potentially worrying indicators.

Question resolved in the affirmative.

Papers

Ms Gallagher presented the following papers:

Public Accounts—Standing Committee—Inquiry—Auditor-General's report No 8/2009—2008-09 Financial Audits—Government submission.

Annual Reports (Government Agencies) Act, pursuant to subsection 14(7)—Extension of time for presenting annual report 2009-2010—Statement of reasons—ACTEW Corporation Ltd.

Mr Corbell presented the following paper:

Independent Competition and Regulatory Commission Act, pursuant to section 24—Independent Competition and Regulatory Commission—Report 9 of 2010—Final Report—Enlarged Cotter Dam Water Security Project, dated June 2010.

Independent Competition and Regulatory Commission

Paper and statement by minister

MR CORBELL (Molonglo—Attorney-General, Minister for the Environment, Climate Change and Water, Minister for Energy and Minister for Police and Emergency Services): For the information of members, I present the following paper:

Independent Competition and Regulatory Commission Act, pursuant to section 24—Independent Competition and Regulatory Commission—Report 8 of 2010—ACT Greenhouse Gas Abatement Scheme—Compliance and operation of the Scheme for the 2009 compliance year, dated June 2010.


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