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Thursday, 23 September 1999
Page: 8796


Senator PATTERSON (1:15 PM) —Page 2 of the explanatory memorandum, which was circulated by the Treasurer, outlines the financial impact statement of the bill. It states:

The arrangements to be established by this Bill provide for the payment to the States in 1999-2000 of general revenue assistance estimated at around $17.7 billion and revenue replacement payments of around $6.8 billion.

Bill agreed to.

Bill reported without amendment; report adopted.