Thank you, Mr. Chairman. Yes, indeed, I do. Good afternoon, Mr. Chairman. On behalf of the Standing Committee on Legislation, I am pleased to present the report on Bill 6, An Act to Amend the Petroleum Products Tax Act.

Mr. Chairman, the Standing Committee on Legislation has completed its review of Bill 6, An Act to Amend the Petroleum Products Tax Act. The committee held public hearings in Yellowknife on Monday, January 9, 1995. Although public input was encouraged, there were no presentations made on this bill.

Bill 6 proposes to amend the Petroleum Products Tax Act to clarify that a collector who delivers or sells petroleum products to another collector shall not collect a tax on the product. The bill also proposes to amend the provisions of the act that pertain to importers of petroleum products and the procedures for the export of petroleum products. In addition, a number of administrative changes are proposed regarding references to the Comptroller General, the Commissioner, the Minister and the government.

The committee is satisfied that the proposed amendments are required to clarify the taxation authority of the Government of the Northwest Territories with respect to petroleum products and improve efficiency in the administration of the act.

In addition, the standing committee passed a motion to amend Bill 6 by adding a clause to clarify that clause 4 of the bill does not apply to the Minister with respect to certain record-keeping requirements.

Mr. Chairman, this concludes the standing committee's report on Bill 6. On January 9, 1995, the committee passed a motion that Bill 6, An Act to Amend the Petroleum Products Tax Act, be reported to the Legislative Assembly as ready for consideration in committee of the whole, as amended and reprinted. Thank you.