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Legislative Assembly for the ACT: 2001 Week 6 Hansard (13 June) . . Page.. 1697 ..
MR MOORE (continuing):
reason I am comfortable about supporting the bill, and I look forward to the Chief Minister's response to the Assembly on this matter now.
MR HUMPHRIES (Chief Minister, Minister for Community Affairs and Treasurer) (6.44), in reply: I thank members for their support for this bill. I remind members that guidelines will have to be produced before the provisions become operative, so provisions in the legislation that might be regarded by themselves as being overly broad will be restricted in effect by the operational guidelines. The guidelines will be a disallowable instrument and therefore members will have a chance to see those. I hope members will have a chance to view this as being a prudent and cautious step to take in light of the restrictions we place on the power to invest in derivatives.
Question resolved in the affirmative.
Bill agreed to in principle.
Detail stage
Bill, by leave, taken as a whole.Debate (on motion by Mr Humphries ) adjourned to the next sitting.
Adjournment
Motion (by Mr Moore ) agreed to:That the Assembly do now adjourn.
Assembly adjourned at 6.45 pm
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