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Legislative Assembly for the ACT: 2000 Week 4 Hansard (28 March) . . Page.. 962 ..
MR HUMPHRIES (Treasurer, Attorney-General and Minister for Justice and Community Safety): I present the following paper:
Financial Management Act, pursuant to subsection 47(3) - Approval of guarantee under an agreement between the ACT and the CPS Credit Union Cooperative (ACT) Limited under the New Enterprise Loan Guarantee Scheme, dated 23 March 2000.
I seek leave to make a short statement.
Leave granted.
MR HUMPHRIES: I have explained the principles of the scheme already. The attached instrument has been approved by the chief executive, as my delegate, pursuant to the small business loan scheme. In this case, the loan guarantee is for Mr Samuel Kerekes, the owner of Thermofix Australia Pty Ltd, an ACT company that operates in the gas and solar appliance and service industry.
I stress that these are guarantees, not loans, grants or any other form of financial assistance and that the maximum exposure under the scheme is capped at $500,000. To date, loans to the value of $51,820 have been approved under the scheme.
MR SMYTH (Minister for Urban Services) (3.22): For the information of members, I present the following paper:
Planning and Urban Services - Standing Committee - Report No. 41 - Betterment (change of use charge) (presented 2 March 2000) - Government response.
I move:
That the Assembly takes note of the paper.
In early 1999, Professor Des Nicholls of the Australian National University presented his report on the effects of the change of use charge on investment in the ACT. The report generated considerable interest at the time, and the Assembly referred it to the Urban Services Committee on 1 July 1999. The committee conducted lengthy public hearings on the report and tabled its report to the Assembly on 2 March this year.
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