Legislative Assembly for the ACT: 2002 Week 7 Hansard (6 June) . . Page.. 2072 ..
The Assembly voted-
Question so resolved in the negative.
Detail stageClause 1.
Debate (on motion by Mr Quinlan ) adjourned to the next sitting.
MR DEPUTY SPEAKER: Mr Speaker has been notified in writing of the nominations of Mr Hargreaves, Mr Smyth and Ms Tucker to be members of the select committee.
Motion (by Mr Wood ) agreed to:
That the members so nominated be appointed as members of the Select Committee on Privileges.
Duties (Insurance Exemptions) Amendment Bill 2002Debate resumed from 16 May 2002, on motion by Mr Quinlan:
That this bill be agreed to in principle.
MR HUMPHRIES (Leader of the Opposition) (6.09): The opposition does not have a great deal to say about this bill. It is a bill which provides the power for the minister to exempt certain community non-profit organisations from the imposition of stamp duty on insurance premiums. It is a sensible measure in light of the obvious hardship many organisations have suffered in recent months and, I suppose, recent years. It may be only the first step towards providing relief, but it is a step which is obviously welcome.
I reserve my comments on the amendments proposed until they are moved.
I note that other measures have been proposed in other places. The day before yesterday the New South Wales government slashed the amount levied by way of stamp duty on insurance premiums from 10 per cent to 5 per cent. Perhaps our Treasurer has that in plan for the coming budget. Is the Treasurer indicating a budget leak that there will be no cut in insurance premium stamp duty? I am very disappointed. There is a press release there, Mr Quinlan.