Amina Abdalla

All parliamentary appearances

Entries 1051 to 1060 of 2343.

• 28 Oct 2014 in National Assembly: (3) All immovable assets of the holder under the mining licence shall vest in the Republic from the effective date of the surrender or termination of the licence. view
• 28 Oct 2014 in National Assembly: (4) All movable assets of the holder in the mining area which are fully depreciated for tax purposes shall vest in the County Government without charge on the effective date of such termination and any property not then fully depreciated for tax purposes, the County Government or the Republic shall have the right of first refusal for the sale of such assets from the effective date of termination at the depreciated cost. view
• 28 Oct 2014 in National Assembly: (5) Subject to sub-clause (4), the Cabinet Secretary may permit the assets to be removed solely and exclusively for the purpose of use by the holder in another mining operation in the country. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor. view
• 28 Oct 2014 in National Assembly: (6) The Cabinet Secretary shall prescribe regulations for the use of the assets. This is a very significant amendment because we are dealing with movable and immovable assets of the mining companies. We are cleaning it up so that they can be vested on the Republic on the effective date. We are dealing with this because there is mischief by some of these investors who take away equipment that have already been depreciated in their books. We are, therefore, looking for opportunity to ensure that the Republic does not lose when it comes to movable and immovable assets. view
• 28 Oct 2014 in National Assembly: Hon. Temporary Deputy Chairman, anytime the investors import heavy machinery, which is the movable assets, it is in their accounting documents. When the Mineral Rights Board shall be receiving these statements--- The Board will know when the accountants say that the assets have depreciated, say, 25 per cent and all that. Once it is fully depreciated they hand it over to the Republic and that becomes the property of the Republic. When the situation is that they have not been fully depreciated – they are supposed to be monitored - then with regard to the “underpreciated” amount, the first right ... view
• 28 Oct 2014 in National Assembly: Hon. Temporary Deputy Chairman, I appreciate the fact that hon. Mwadeghu wants to know where that bond should go. My understanding of this clause is that a bond that is bonding a person on a figure that the Government would recall goes to the Republic, whose custodian is the National Treasury. The bond is addressed to the National Treasury, under normal circumstances. The Mineral Rights Board is not the right institution. My assumption was that the silence means that it is clear that it goes to the Republic. If he feels that, that is not enough, we could amend it ... view
• 28 Oct 2014 in National Assembly: Hon. Temporary Deputy Chairman, on that ground, I oppose. view
• 28 Oct 2014 in National Assembly: Hon. Temporary Deputy Chairman, I beg to move:- view
• 28 Oct 2014 in National Assembly: THAT clause 127 be amended─ view
• 28 Oct 2014 in National Assembly: (a) by deleting sub-clause (7) and substituting therefor the following new sub-clause─ (7) A holder of a mineral right shall not commence mining of minerals unless the lawful occupier, owner or user of land is compensated. (b) by inserting the following new sub-clauses immediately after sub- clause (7)– (8) The Cabinet Secretary in consultation, the community and the National Land The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor. view