Page 1491 - Week 05 - Tuesday, 9 May 2017

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personal interests at the expense of the authority’s interests, not to use board membership to gain personal advantage and not to cause detriment to the authority or undermine the reputation of the authority.

These are important duties. As the Chief Minister has noted in his presentation speech:

Territory land is the ACT’s most valuable physical asset. The government and the community need to be sure that these entities exercise their functions in an open, accountable and transparent way, always acting in the public interest.

Both the CRA and SLA boards will appoint CEOs to manage the day-to-day operations and give administrative support to their respective boards. CEOs will be public servants and be subject to the ACT public service values and code of conduct and the Public Sector Management Act 1994.

In addition, the bill provides that the CRA and the SLA CEOs must exercise the degree of honesty, care and diligence required to be exercised by a director of a corporation. The CEOs will also have a duty to their respective boards to act in good faith, not pursue personal interests at the expense of the CRA’s or SLA’s interests, not to use the office to gain personal advantage, and not to cause detriment to the CRA or the SLA or undermine their reputations. Importantly, both entities must also be subject to ministerial directions. The directions may be about the exercise of their functions or a request for them to exercise a function in relation to their respective financial arrangements.

The government, through this bill, is establishing the City Renewal Authority and the Suburban Land Agency to encourage, facilitate and promote city renewal and better suburbs to better meet the community’s needs. I commend the bill to the Assembly.

MR PETTERSSON (Yerrabi) (5.04): The Land Development Agency is responsible for both greenfield development and renewable projects of the government across the ACT. This important city building work has only increased in recent times as the population of the ACT and our economy surge. Our growing population, our booming economy, our limited land supply and the changing expectations of our community require government to be innovative and responsive in managing land development.

This is why we took to the last election a commitment to reform the LDA. We will create two new authorities that better serve the needs of our community. By dividing the responsibilities and creating agencies that specialise in either urban or suburban development we will be providing Canberrans with the efficient and effective service they deserve.

We have a huge pipeline of investment in the ACT and, with projects of that size, it is increasingly important that all projects get the attention they need. The City Renewal Authority with their specialisation urban renewal precincts can ensure this far better than any agency whose concern with urban projects is one of many. It is also

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