Page 276 - Week 01 - Thursday, 14 February 2008
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balance for the general government sector was a surplus of $125.7 million. As foreshadowed in the 2007-08 midyear review, the outcome for the December quarter year to date was $50.9 million higher than the budgeted surplus of $74.8 million. The result was mostly due to higher levels of conveyance revenue and stamp duty on shares and marketable securities.
The strong year-to-date general government sector performance reflects, in part, the ACT’s continuing strong economic performance, continued strong conveyancing returns as a result of the ongoing strength of the ACT residential housing and commercial property markets, the upward revisions to interest revenue resulting from higher investment balances and an increase in interest rates, and a record low unemployment rate due to high labour demand.
The December year-to-date outcome highlights the confidence in the territory’s economy and rewards the government’s commitment to prudent financial and economic management. Such outcomes give the government the capacity to plan ahead, to prepare for the future, to provide world quality service in areas of greatest priority for the people of Canberra and to invest in our city’s physical and social infrastructure. I commend the report to the Assembly.
Papers
Mr Corbell presented the following papers:
Australian Crime Commission (ACT) Act, pursuant to subsection 51 (5)—Australian Crime Commission—Annual Report 2006-07, dated 5 December 2007.
Education, Training and Young People—Standing Committee—Report 5—Inquiry into the Eligible Voting Age—Revised Government response, dated December 2007.
Dangerous Substances Act
Occupational Health and Safety Act
Papers and statement by minister
MR BARR (Molonglo—Minister for Education and Training, Minister for Planning, Minister for Tourism, Sport and Recreation, Minister for Industrial Relations): For the information of members, I present the following papers:
Occupational Health and Safety Act, pursuant to subsection 230 (3)—Review of Act—Report, dated February 2008.
Dangerous Substances Act, pursuant to subsection 224 (2)—Review of Act—Report, dated February 2008, including a copy of the Discussion Paper: Review of the Dangerous Substances Act 2004 (including fireworks), Australian Federal Police Statistical Tables and Research on the ACT’s Consumer Fireworks Regime.
I ask leave to make a statement in relation to the second paper.
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