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Legislative Assembly for the ACT: 2004 Week 07 Hansard (Thursday, 1 July 2004) . . Page.. 3101 ..

Thursday, 1 July 2004

The Assembly met at 10.30 am.

(Quorum formed.)

MR SPEAKER (Mr Berry) took the chair and asked members to stand in silence and pray or reflect on their responsibilities to the people of the Australian Capital Territory.

Petition

The following petition was lodged for presentation, by Mrs Burke, from nine residents.

Housing ACT tenants

This petition of certain residents of the Australian Capital Territory draws to the attention of the Assembly that:

The Minister for Housing and Police takes steps to remedy the intolerable situation regarding the disproportionate effect that the anti-social behaviour of a minority of Housing ACT tenants is having on the broader community.

Your petitioners therefore request the Assembly to:

Put in place, as a matter of urgency, stronger measures to ensure that all ACT residents are allowed to live in peace and quiet and safety of their own homes.

Territory Owned Corporations Amendment Bill 2004

Mr Quinlan, pursuant to notice, presented the bill and its explanatory memorandum.

Title read by Clerk.

MR QUINLAN (Treasurer, Minister for Economic Development, Business and Tourism, Minister for Sport, Racing and Gaming, and Acting Minister for Planning) (10.35): I move:

That this bill be agreed to in principle.

I am today tabling the Territory Owned Corporations Amendment Bill 2004. This bill provides a number of amendments to the Territory Owned Corporations Act 1990.

Given the extent of government investment through the ownership of territory owned corporations, it is essential to ensure that there are effective risk management and accountability arrangements in place. The bill updates and improves the accountability arrangements of territory owned corporations. In particular, several of the legislative changes will assist the board to better understand its obligations to notify the voting shareholders of significant matters that it proposes to undertake or that are affecting the operations of the company.

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