Page 1451 - Week 05 - Thursday, 12 May 1994

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another five drugs require additional controls. The passage of this amendment to the Poisons and Drugs Act 1978 will facilitate the adoption of these recommendations of the council with regard to restricted substances, and will facilitate timely future amendments to the list of restricted substances as the National Health and Medical Research Council from time to time makes additional recommendations or changes. Mr Deputy Speaker, I present an explanatory memorandum to that Bill.

Debate (on motion by Mrs Carnell) adjourned.

PUBLIC ACCOUNTS - STANDING COMMITTEE

Report on Audit (Amendment) Bill 1993

[COGNATE PAPER:

PUBLIC ACCOUNTS - STANDING COMMITTEE - REPORT ON AUDIT (AMENDMENT) BILL 1993 - GOVERNMENT RESPONSE]

Debate resumed from 15 June 1993, on motion by Mr Kaine:

That the report be noted.

MR DEPUTY SPEAKER: Is it the wish of the Assembly to debate this order of the day concurrently with the Government response to the Standing Committee on Public Accounts report on the Audit (Amendment) Bill 1993? There being no objection, that course will be followed. I remind members that, in debating order of the day No. 1, they may also address their remarks to order of the day No. 2.

MR KAINE (10.43), in reply: Mr Deputy Speaker, I would remind - - -

MR DEPUTY SPEAKER: Excuse me, Mr Kaine. You will be concluding the debate. I remind other members of that situation.

Ms Follett: Mr Deputy Speaker, I may seek leave to speak after Mr Kaine. I need to hear what he says first.

MR DEPUTY SPEAKER: Very well.

MR KAINE: I have no objection to that, Mr Deputy Speaker. I would like to review the background to this Audit (Amendment) Bill because it is a quite old one. This matter has been sitting on the notice paper for quite some time. In fact, the Bill was tabled on 25 March last year. The Bill is, in fact, a very short one and merely amends a section of the principal Act, the Audit Act 1989. At first glance it is a fairly simple amendment, but closer examination revealed that if passed by the Assembly it would allow the Treasury to involve itself, among other things, in transactions called derivatives.


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