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Legislative Assembly for the ACT: 2012 Week 7 Hansard (7 June) . . Page.. 2832..

Leave granted to dispense with the detail stage.

Bill agreed to.

Rates and Land Tax Legislation Amendment Bill 2012

Debate resumed from 29 March 2012, on motion by Mr Barr:

That this bill be agreed to in principle.

Question resolved in the affirmative.

Bill agreed to in principle.

Leave granted to dispense with the detail stage.

Bill agreed to.

Sitting suspended from 12.26 to 2 pm.

Ministerial arrangements

MS GALLAGHER (Molonglo—Chief Minister, Minister for Health and Minister for Territory and Municipal Services): Minister Corbell is away from the Assembly today on ministerial business, and I will take any questions covering Minister Corbell's portfolios.

Questions without notice


MR SESELJA: My question is to the Treasurer. Treasurer, after spending two years collating a tax advice paper, months reading it and months preparing Tuesday's budget, what deals, promises or commitments has the government had to make since the budget was announced to ensure commercial investment in the ACT?

MR BARR: The government has indicated a preparedness, in the context of transitional arrangements to our simpler, fairer and more efficient tax system, for a handful of transactions that have been in the system and were anticipating the existing arrangements being in place to be able to be considered on a case-by-case basis. But the new arrangements, particularly all of the reductions in tax that I announced in the budget on Tuesday, have various starting points, according to a phased introduction of the new tax system.

MR SPEAKER: Supplementary, Mr Seselja.

MR SESELJA: Treasurer, why was it necessary for the government to offer special deals less than 48 hours after the budget was announced, to secure commercial investments in the ACT?

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