8
WEDNESDAY, OCTOBER 21, 1987
"THE CONSTRUCTION AND QUARRY INDUSTRIES ARE REPRESENTED ON THE BOARD WHICH MUST SUBMIT ITS PROGRAMME AND ESTIMATES ΤΟ THE GOVERNOR ANNUALLY," HE SAID.
TO ENHANCE THESE SAFEGUARDS, THE BILL ALSO PROVIDED FOR THE GOVERNOR TO REQUIRE THE BOARD TO MODIFY AND RESUBMIT ITS PROGRAMME AND ESTIMATES IF DEEMED NECESSARY.
MR BRIDGE WENT ON TO SAY THAT THE BILL WRITE OFF UNCOLLECTABLE DEBTS, ADDING THAT THE STATUTORY POWER TO WRITE OFF THESE DEBTS WHICH IN THE FUND ACCOUNTS.
PERMITTED THE BOARD ΤΟ BOARD CURRENTLY HAD NO HAD BEEN ACCUMULATING
"THIS FOLLOWS NORMAL ACCOUNTING PRACTICE
IN CASES WHERE ALL PROCEDURES TO COLLECT DEBTS THROUGH LEGAL AND OTHER MEANS HAVE PROVED UNSUCCESSFUL.
H
"WHEN CONTRACTORS ARE DECLARED BANKRUPT, OR ARE IN THE PROCESS OF WINDING UP, THE BOARD IS RANKED AS AN UNSECURED CREDITOR, MR BRIDGE SAID.
HE SAID THAT TOTAL REVENUE ACCRUING TO THE BOARD DURING THE SIX YEARS SINCE IT WAS ESTABLISHED AMOUNTED TO ABOUT $162 MILLION, OF WHICH ONLY ABOUT $600,000, OR 0.37 PER CENT, WAS CONSIDERED UNCOLLECTABLE.
DEBATE ON THE BILL WAS ADJOURNED.
TWO BILLS PASSED
TWO BILLS WERE PASSED
INTO LAW IN THE
LEGISLATIVE
COUNCIL
TODAY (WEDNESDAY).
THEY ARE THE SUPPLEMENTARY APPROPRIATION AND THE DENTISTS REGISTRATION (AMENDMENT) BILL 1987.
BILL (1986-87)
1987
MEANWHILE, THE PNEUMOCONIOSIS (COMPENSATION) 1987 WAS INTRODUCED FOR FIRST AND SECOND READINGS. DEBATE ON THE WAS ADJOURNED.
(AMENDMENT)
BILL
BILL
19