Legislative Assembly for the ACT: 1999 Week 13 Hansard (9 December) . . Page.. 4051 ..
MS CARNELL (continuing):
I would like to point out that the Bill imposes no overall additional regulatory or financial burden on the ACT Government or Bruce Stadium itself.
In conclusion, Mr Speaker, this Bill represents the next phase in the creation of a truly world class sporting and entertainment facility in the ACT. Creation of the Statutory Authority will be a clear signal that the Stadium is a public facility for all members of the ACT community to enjoy.
Debate (on motion by Mr Quinlan ) adjourned.
MR HUMPHRIES (Treasurer, Attorney-General and Minister for Justice and Community Safety) (10.34): Mr Speaker, I present the Independent Competition and Regulatory Commission Amendment Bill 1999, together with its explanatory memorandum.
Title read by Clerk.
MR HUMPHRIES: I move:
That this Bill be agreed to in principle.
I seek leave to have my presentation speech incorporated in Hansard.
The speech read as follows:
Mr Speaker, the legislation I am tabling today is to establish the Independent Competition and Regulatory Commission (ICRC).
The ICRC is the latest development in the expansion of the role of the Independent Pricing and Regulatory Commission, that is, the agency responsible for independent pricing oversight of monopoly services in the ACT.
The ICRC Bill will amend the Independent Pricing and Regulatory Commission Act 1997 to rename the Independent Pricing and Regulatory Commission (IPARC) as the Independent Competition and Regulatory Commission (ICRC) and to enable the ICRC to have a broader role in examining regulatory issues.