20
WEDNESDAY, APRIL 12,
APRIL 12, 1989
INCREASE IN VEHICLE REGISTRATION AND DRIVING LICENCE FEES GIVEN EFFECT
A BILL THAT SOUGHT TO GIVE LEGISLATIVE 1989 TO INCREASE
FOR THE FEES LICENCES WAS INTRODUCED INTO (WEDNESDAY).
VEHICLE
THE
LEGISLATIVE
EFFECT FROM MARCH
AND DRIVING REGISTRATION
COUNCIL TODAY
1.
THESE FEES WERE LAST REVISED IN 1988.
MOVING THE SECOND READING OF THE ROAD TRAFFIC (DRIVING
AND LICENCES REGULATIONS
REGISTRATION AND LICENSING OF VEHICLES REGULATIONS) (AMENDMENT BILL 1989, THE FINANCIAL SECRETARY, PIERS JACOBS, SAID THAT THE INCREASES WERE DESIGNED TO REVENUE YIELD IN REAL TERMS.
THE HON
MAINTAIN
THE
I ESTIMATE THAT THE INCREASES WILL YIELD
HE ADDED. MILLION IN THE CURRENT FINANCIAL YEAR,
AN ADDITIONAL
$103
"
DEBATE ON THE BILL WAS ADJOURNED.
ACCOUNTING AND AUDITING ARRANGEMENTS OF TRUST FUNDS EXPLAINED
THE (AMENDMENT) ARRANGEMENTS IN RESPECT OF TRUST FUNDS.
FOR DISTRICT SECRETARY
BILL 1989 PROVIDES FOR
ADMINISTRATION
AND ACCOUNTING
INCORPORATION AUDITING
THE
SECOND READING
THE FINANCIAL SECRETARY, THE HON PIERS JACOBS, SAID THIS IN LEGISLATIVE COUNCIL TODAY (WEDNESDAY) WHEN MOVING THE OF THE BILL.
JACOBS ALSO IN ADDITION ΤΟ THE PROVISIONS OF THIS BILL, MR SPOKE ON THE DIRECTOR OF SOCIAL WELFARE INCORPORATION (AMENDMENT) BILL 1989 AND THE DIRECTOR OF EDUCATION INCORPORATION (AMENDMENT) BILL 1989.
SECRETARY HE SAID THE THREE PRINCIPAL ORDINANCES PROVIDED THE FOR DISTRICT ADMINISTRATION INCORPORATED, THE DIRECTOR OF SOCIAL
OF WELFARE
AND THE DIRECTOR INCORPORATED
INCORPORATED EDUCATION
AND DEPOS IT RESPECTIVELY WITH POWERS TO ACCEPT TRUSTS AND TO INVEST TRUST FUNDS IN ACCORDANCE WITH PROVISIONS OF THE TRUSTEE ORDINANCE.
MR JACOBS NOTED THAT AT PRESENT, THERE WERE NO PROVISIONS IN THE RESPECT THREE ORDINANCES FOR ACCOUNTING AND AUDITING ARRANGEMENTS IN OF THE VARIOUS TRUST FUNDS.
НЕ ADDED THAT FOR CONTROL PURPOSES, THE GOVERNOR
THE UNDER THESE
MONEY TRUST FUNDS TO BE PUBLIC ORDINANCE AND THE AUDIT ORDINANCE.
HAD DECLARED PUBLIC FINANCE
"NEVERTHELESS, IN