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Legislative Assembly for the ACT: 2003 Week 6 Hansard (19 June) . . Page.. 2174 ..

(12) Not applicable.

(13) Initially two hire car licences will be offered in 2003, with a maximum of four hire car licences being offered in accordance with the formula to be provided in regulation.

(14) The market will determine how many licences are sold.

(15) The market will determine the average price of the licences.

(16) The reserve price is commercial in confidence and will not be publicly available.

(17) (i) The Independent Competition & Regulatory Commission June 2002 report on the taxi and hire car industry indicates that the community is incurring an extra cost of around $2.70 on an average taxi fare as a result of the value attached to the taxi plate.

(ii) The March 2000 Freehills Regulatory Group report 'National Competition Policy Review of ACT Taxi and Hire Car Legislation' estimated the return on licence per hiring at $4.33.

(18) The Government provided its Report to the National Competition Council on the Implementation of National Competition Policy and Related Reforms for the period to March 2003 on 17 April 2003. The Report provided details of the Government's reform proposals for the taxi and hire car industries.

Schools-bank balances

(Question No 642)

Mr Pratt

asked the Minister for Education, Youth and Family Services on 6 May 2003, upon notice:

In relation to school based management:

(1) What is the total balance of the ACT Government school-based management account.

(2) Can the Minister provide a list of the bank balances of each school as at 30 April 2003.

(3) What is the percentage increase of the school-based management balance each year since school-based management was introduced in 1996.

Ms Gallagher

: The answer to the member's question is:

(1) The total balance of schools' bank accounts at the end of April 2003 is $24.2m. This is mainly due to the payment of the second quarterly SBM funds of $6.5m in April and does not take into account unpresented cheques. The payment of funds in April reflects expenditure for the period April to June 2003. The level of cash will be depleted towards the end of the school year.

(2) Attachment 1 provides the list of individual school balance as at 30 April 2003.

(3) The percentage increase of total schools' bank accounts for each year since the introduction of SBM in 1996 are as follows:

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