WADC and WA Exim Corporation Repeal Bill 1998


Bill No.154

SynopsisThe purpose of this Bill is to repeal the Western Australian Development Corporation Act 1983 and the Western Australian Exim Corporation Act 1986. Passage of the Bill will allow WADC and Exim to return approximately $12.6 million and $4.4 million respectively to the Consolidated Fund as anticipated in the 1997/98 budget.

WADC and Exim have been liquidating their assets since 1990 when the then Minister for Finance and Economic Development, the Hon. Ian Taylor, issues a written direction to the corporations that they liquidate their affairs. This liquidation process has now been completed and the corporations are in a position to return all of their remaining assets, which are in liquid form, to the State.

StatusAssented to 06/30/1998
This Act came into operation on Royal Assent - Royal Assent given 30 Jun 1998 as Act No. 30 of 1998

Current Bill

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Progress

Legislative Assembly DateNote No.Related Documents
Introduced 05/20/1998  
First Reading 05/20/1998  
Second Reading 06/11/1998  
Second Reading Speech   
Second Reading Agreed 06/23/1998  
Third Reading 06/23/1998  


Legislative Council DateNote No.Related Documents
First Reading 06/24/1998  
Second Reading 06/24/1998  
Second Reading Speech   
Second Reading Agreed 06/25/1998  
Third Reading 06/25/1998