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Legislative Assembly for the ACT: 2000 Week 7 Hansard (10 July) . . Page.. 2458 ..


TERRITORY SUPERANNUATION PROVISION PROTECTION ACT

Paper

MR HUMPHRIES (Treasurer, Attorney-General and Minister for Justice and Community Safety) (5.57): Mr Speaker, for the information of members, and pursuant to section 6 of the Subordinate Laws Act 1999, I present the following paper:

Territory Superannuation Provision Protection Act-Superannuation Management Guidelines 2000 (including explanatory statement)-Instrument No. 237 of 2000 (Gazette S34, dated 30 June 2000).

Mr Speaker, I ask for leave to incorporate a statement in Hansard.

Leave granted.

The statement read as follows:

Mr Speaker, these guidelines are issued in accordance with section 15 of the Territory Superannuation Provision Protection Act 2000.

The Act allows me, as Treasurer, to issue guidelines to prescribe matters within the scope of the Act. Such guidelines are a disallowable instrument for the purposes of the Subordinate Laws Act 1989.

I have issued these guidelines to define prescribed investments for the purposes of paragraph 11 (1)(c) of the Act as being an investment in debt instruments, Australian or international shares and Australian or international property.

Mr Speaker, these guidelines have the same intent as those previously contained in the Financial Management Guidelines issued on 3 June 1999 and have been refined to provide clarity.

Mr Speaker, I commend these Guidelines to the Assembly

MR HUMPHRIES: I move:

That the Assembly takes note of the paper.

Debate (on motion by Mr Quinlan ) adjourned.

PRESENTATION OF PAPERS

The following papers were presented by Mr Humphries:

Financial Management Act-

Consolidated Financial Management Report for the month and financial year to date ending 31 May 2000, pursuant to section 26.


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