25 May 2017 in National Assembly:
The import of this is to define “admitted liabilities” which the Act has not defined and they include liability in respect of share capital or reserve in lieu of capital approved by the commissioner; liability in respect of such matters as the Commissioner may by notice in writing direct; and, tax liability arising from the un-appropriated or undistributed surplus of a statutory fund.
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25 May 2017 in National Assembly:
The amendment also seeks to provide that an insurer shall make adequate provision in the accounts for liabilities in respect of an expired risks and outstanding or incurred claims including provision for claims that are already incurred.
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25 May 2017 in National Assembly:
The amendment also seeks to provide that an insurer shall make adequate provision in the accounts for liabilities in respect of an expired risks and outstanding or incurred claims including provision for claims that are already incurred.
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25 May 2017 in National Assembly:
Thank you, Hon. Temporary Deputy Chairman. Since the Cabinet is a collective responsibility, I want to drop parts (a) and (d).
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25 May 2017 in National Assembly:
Thank you, Hon. Temporary Deputy Chairman. Since the Cabinet is a collective responsibility, I want to drop parts (a) and (d).
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25 May 2017 in National Assembly:
I am proposing to move the rest. That is (b) and (c). Hon. Temporary Deputy Chairman, I beg to move: THAT, Clause 9 of the Bill be amended- (b) by deleting sub-paragraph (iii)(b) and substituting therefor the following new subparagraph— ―(b) by inserting the words ―with a minimum bed capacity of thirty in the case of public hospitals and two hundred in the case of private hospitals‖ immediately after the word ―facilities‖;
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25 May 2017 in National Assembly:
I am proposing to move the rest. That is (b) and (c). Hon. Temporary Deputy Chairman, I beg to move: THAT, Clause 9 of the Bill be amended- (b) by deleting sub-paragraph (iii)(b) and substituting therefor the following new subparagraph— “(b) by inserting the words “with a minimum bed capacity of thirty in the case of public hospitals and two hundred in the case of private hospitals” immediately after the word “facilities”;
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25 May 2017 in National Assembly:
The import of this is that I am seeking to specify that the taxable goods for direct and exclusive use for construction of specialized hospitals and facilities, which will accommodate a minimum of 30 beds in public hospitals and a minimum of 200 beds in private hospitals be exempted from VAT. In the Act, it does not specify what types of hospitals are eligible for such exemptions. That is where I want to be very specific: 30 for public hospitals and 200 for private hospitals.
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