Thank you. The new board has the powers and authorities that flow from this legislation. I know the Member understands that. So section 18 allows the new board to engage in programs that speak to those types of partnership arrangements. There isn't that ability in the Development Corporation Act currently or in the BCC. The BCC, for instance, can really only lend money, as it is currently set up. So it is more to the enabling aspects of this legislation as compared to things that...There is a lack of direction in the existing legislation around these kinds of issues. If the BCC or the Development Corporation were to carry out activities, they would have been doing it without the ability under their legislation to do so. So that is what is being addressed here and clarified. That is the enabling aspect of this new piece of work. Thank you.
Brendan Bell on Item 20: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on February 16th, 2005. See this statement in context.
Item 20: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 20: Consideration In Committee Of The Whole Of Bills And Other Matters
February 15th, 2005
Page 1301
See context to find out what was said next.