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Legislative Assembly for the ACT: 1999 Week 11 Hansard (21 October) . . Page.. 3416 ..

MR HUMPHRIES (continuing):

content of the SCI. Nor does this Bill reduce the accountability of the TOCs to government or the Assembly. What this Bill does is reduce the amount of duplication currently required of the TOCs.

The final part of this Bill is technical, has no practical effect upon the operation of the TOC Act and merely incorporates recent changes to the Corporations Law, because it is a Commonwealth Act. The Company Law Review Act 1998, a Commonwealth Act, changed the rules in the Corporations Law regarding a company's constitution. The memorandum of association and the articles of association for companies formed prior to 1 July 1998 are now referred to as the company's constitution. The terms "memorandum of association" and "articles of association" are no longer used in corporation law. This Bill makes technical amendments to the Act by replacing reference to the memorandum and articles of association in the TOC Act with reference to the company's constitution.

The amendments to the TOC Act contained within this Bill add value to the existing legislation and provide for genuine improvements in the Government's management of the Territory's investment in territory owned corporations. I commend the Bill to the Assembly.

Debate (on motion by Mr Quinlan ) adjourned.

ROAD TRANSPORT (SAFETY AND TRAFFIC MANAGEMENT) BILL 1999

MR SMYTH (Minister for Urban Services) (10.39): Mr Speaker, I present the Road Transport Safety and Traffic Management Bill 1999, together with its explanatory memorandum.

Title read by Clerk.

MR SMYTH: I move:

Mr Speaker, the Government introduces in the Assembly today legislation that will facilitate the implementation in the ACT of further national road transport reforms. The Bill is presented today primarily to deal with the use of vehicles on roads and road related areas and includes such matters as vehicle registration, driver licensing and road rules. The ACT has been involved in the national road transport reform process since the early 1990s. Heads of government agreements were signed in 1991 and 1992 to implement uniform legislation for nationally agreed road transport reforms.

The National Road Transport Commission, NRTC, was established to assist in the development of uniform policies and legislation. The 1991 heavy vehicle agreement and the 1992 light vehicles agreement, endorsed by all jurisdictions, are incorporated as schedules in the National Road Transport Commission Act 1991, a Commonwealth Act.

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