WEDNESDAY, MAY 15, 1965
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THERE WOULD ALSO BE A RESERVE ACCOUNT THROUGH WHICH ADDITIONAL FUNDS, APPROPRIATED FROM GENERAL REVENUE, WOULD, WHEN NECESSARY, BE TRANSFERRED TO THE WORKS ACCOUNT.
INTEREST EARNED ON THE FUNDS HELD IN THE SUSPENSE ACCOUNT WILL BE DIVIDED ANNUALLY, AT THE BEGINNING OF EACH FINANCIAL YEAR, IN THE SAME PROPORTIONS AS THE GROSS PREMIUM INCOME HAS BEEN DIVIDED.
ALL THREE ACCOUNTS WOULD BE DIVISIONS OF THE CAPITAL RESERVE FUND WHICH IS REFERRED TO IN ANNEX 111 TO THE JOINT DECLARATION, THE SUSPENSE AND RESERVE ACCOUNTS WERE REQUIRED FOR TECHNICAL ACCOUNTING REASONS, HE ADDED.
LEVY THRESHOLD RAISED ***
THE LEGISLATIVE COUNCIL TODAY PASSED TWO MOTIONS RAISING LEVY THRESHOLD UNDER THE PNEUMOCONIOSIS (COMPENSATION) ORDINANCE AND THE INDUSTRIAL TRAINING (CONSTRUCTION INDUSTRY) ORDINANCE.
THE LIMIT FOR ANY CONSTRUCTION WORK NOT LIABLE TO THE LEVY WILL BE RAISED FROM THE CURRENT $250 000 TO $1 MILLION.
MOVING THE TWO MOTIONS, THE SECRETARY FOR EDUCATION AND MANPOWER, THE HON NEIL HENDERSON, SAID THE INTENTION WAS TO REDUCE THE CONSIDERABLE TIME AND EFFORT SPENT IN COLLECTING RELATIVELY SMALL SUMS OF MONEY.
THE CHANGES WILL TAKE EFFECT FROM JUNE 1, 1985.
AMENDMENTS TO BILL WILL BE EASIER
**** *
THE DANGEROUS GOODS (AMENDMENT) BILL 1985 SEEKS TO TRANSFER THE POWER TO MAKE ADMINISTRATIVE AND STRAIGHTFORWARD AMENDMENTS TO VARIOUS SCHEDULES TO THE DANGEROUS GOODS REGULATIONS FROM THE GOVERNOR IN COUNCIL TO THE PUBLIC OFFICERS RESPONSIBLE FOR ADMINISTERING THEM.
MOVING THE SECOND READING OF THE BILL IN THE LEGISLATIVE COUNCIL, THE SECRETARY FOR SECURITY, THE HON DAVID JEAFFRESON, SAID IT SOUGHT TO EMPOWER THE COMMISSIONER OF MINES AND THE DIRECTOR OF FIRE SERVICES TO AMEND, EY NOTICE IN THE GAZETTE, THE FIRST SCHEDULE TO THE DANGEROUS GOODS (GENERAL) REGULATIONS.
/THE BILL