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Legislative Assembly for the ACT: 2000 Week 7 Hansard (27 June) . . Page.. 2068 ..
MR HUMPHRIES (continuing):
Clause 14, page 7, line 22, amendment of Duties Act 1999, subsection 96 (1), proposed new definition of company , paragraph (2), omit "public".
New clause -
Insert the following new clause in the Bill: Page 10, line 3, amendment of Financial Institutions Duty Act 1987:
"24A Dutiable and non-dutiable receipts
Section 6 is amended by inserting after paragraph (2) (r) the following paragraph:
'(ra) a receipt of money in the form of a direct credit to an account held with a financial institution of any of the following payments under the First Home Owner Grant Act 2000, or under a law of a State corresponding to that Act (a corresponding State law );
(i) a payment of a grant by the commissioner (or the corresponding officer or authority under a corresponding State law) as directed by the applicant for the grant;
(ii) a payment of a grant by the commissioner to a party to an administration agreement under section 36 of that Act (or the corresponding provision of a corresponding State law);
(iii) a payment by a party to such an agreement as directed by the application for the grant;'.".
Mr Speaker, the explanatory memorandum explains the purposes of the amendments. They are essentially technical amendments to do a number of things; for example, to provide with the first home owner grants scheme that is now available that there will not be a financial institutions duty applicable to transfers to organisations such as banks, the nominated recipients of those grants, on the part of the person making the application. The other amendments are explained in the explanatory memorandum.
Amendments agreed to.
Bill, as a whole, as amended, agreed to.
Bill, as amended, agreed to.
That this bill be agreed to in principle.
MR QUINLAN (8:47): Generally, the opposition does not object to this bill because it is effectively an implementation bill, but I give notice that it wishes to change the bill because it contains quite considerable powers that a legislature would not normally give to a government.
Given that we have such a shambles at both the federal level and the local level as we have shuffled bits of paper around our desks through to today, you have to accept that it is highly likely that something else has been forgotten and the whole process of
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