Page 1377 - Week 05 - Thursday, 26 April 1990
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effective means of raising these funds. Section 61 of the Commonwealth's Australian Capital Territory (Self-Government) Act 1988 provides the authority for the Territory to borrow money on the open market. However, for the borrowing program to succeed it is necessary to draft ACT inscribed stock regulations to provide the responsible Minister with the authority to regulate the issue of ACT inscribed stock.
The proposed regulations are to be prepared under the Audit Act 1989, but it does not currently make any provision for creating the proposed regulations. This Bill seeks to amend the Act in order to incorporate the necessary provisions. ACT inscribed stock regulations are currently being prepared and will be ready for immediate gazettal once this Bill is enacted. Mr Speaker, I now present the explanatory memorandum to this Bill.
Debate (on motion by Ms Follett) adjourned.
ADJOURNMENT
Motion (by Mr Collaery) proposed:
That the Assembly do now adjourn.
Canberra Stereo Public Radio
MR WOOD (5.34): In this debate I take the opportunity to draw members' attention to the fact that Canberra Stereo Public Radio will be on air all next week. I am sure that body has the support of all members here and of a much greater group of people beyond. We all regret the decision that was taken some time ago to deny CSPR full-time access to the radio waves. It is a fine body. When it is on the air it sends out good music and good comment - much better, in my view, than the racing that can be heard on the station that I believe usurped its role. I notice that next week I will be able to hear Gary Humphries' personal choice in music.
Mr Humphries: Well worth listening to.
MR WOOD: I will do that. It will be from 2.00 to 3.00 pm, but I am not sure on what day of the week it will be. For those in this Assembly who are interested in the arts there will be quite a range of discussion. There will be not just a 30-second grab but quite a detailed discussion of important matters of art and drama and what is happening in our Territory.
There will be a section on poetry, which pleases me, because I think that is a much neglected art form, certainly in the public arena. So next week, ladies and
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