Legislative Assembly for the ACT: 1995 Week 05 Hansard (Wednesday, 23 August 1995) . . Page.. 1384 ..
Page 8, line 10, (proposed amendments of the Nature Conservation Act 1980), insert the following amendment:
“Subsection 15C(3) -
Omit the subsection, substitute the following subsection:
‘(3) The Conservator shall include in a report presented by him or her, or information provided by him or her, under section 8 of the Annual Reports (Government Agencies) Act 1995 a copy of any direction given to the Committee by the Minister during the period to which the report or information relates.’.”.
I present the supplementary explanatory memorandum. As I said earlier, the purpose of these amendments is to sort out some minor technical details and also to remove the requirement for the Mental Health Tribunal to provide an annual report. The requirement to report will now come under the Annual Reports (Government Agencies) Act 1995. A report or information provided under section 120(a) and (b) of the Mental Health (Treatment and Care) Act 1994 is to be authorised under section 8 of the Annual Reports (Government Agencies) Act 1995.
Amendments agreed to.
Bill, as a whole, as amended, agreed to.
Bill, as amended, agreed to.
TRUSTEE (AMENDMENT) BILL 1995
Debate resumed from 30 May 1995, on motion by Mr Humphries:
That this Bill be agreed to in principle.
MR CONNOLLY (4.40): This is legislation that the Labor Opposition is quite happy to support because it is legislation that both parties promised to introduce in the latter months of 1994. The Bill removes a range of restrictions which prevent trustees from investing moneys in credit unions. Those restrictions are historic. They date from an era when banks were seen as safe because there were lender of last resort facilities. Non-bank financial institutions, credit unions and building societies were seen as less safe than banks.