Page 2171 - Week 06 - Wednesday, 9 May 2012

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Wednesday, 9 May 2012

MR SPEAKER (Mr Rattenbury) took the chair at 10 am and asked members to stand in silence and pray or reflect on their responsibilities to the people of the Australian Capital Territory.

Election Commitments Costing Bill 2011 Exposure Draft—Select Committee

Reporting date

MR SMYTH (Brindabella) (10.01), by leave: I move:

That the resolution of the Assembly of 17 November 2011, as amended 29 March 2012, referring the exposure draft of the Election Commitments Costing Bill 2011 to a select committee for inquiry and report be amended by omitting the words “by the last sitting day in May 2012” and substituting “by the last sitting day in June 2012” and inserting a new paragraph 1A:

“(1A) If the Assembly is not sitting when the report is completed the Speaker, or, in the absence of the Speaker, the Deputy Speaker, is authorised to give directions for its printing, publication and circulation.”

Just by way of explanation, the committee is basically ready to report but conflicts in diaries and late scheduling of meetings with witnesses and the garnering of information mean that it has taken a little longer than we expected. We simply need a small amount of time to get it right and table it, which will probably occur, with the agreement of the committee, out of session so that we can debate it in the June sitting if required.

Question resolved in the affirmative.

Financial Management (Investment) Legislation Amendment Bill 2012

Ms Hunter, pursuant to notice, presented the bill and its explanatory statement.

Title read by Clerk.

MS HUNTER (Ginninderra—Parliamentary Leader, ACT Greens) (10.03): I move:

That this bill be agreed to in principle.

As all members will recall, I tabled an exposure draft bill concerning territory investments back in 2010. We then had the public accounts committee inquiry into that exposure draft. Following the report and with the benefit of the submissions made to that inquiry as well as the report itself, I have significantly reworked the proposal as presented in the bill today.

The bill presented today, whilst maintaining the fundamental aim to ensure that the prevailing community views and values are protected and public money is invested

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