Legislation steered through Senate
passed five pieces of legislation without much debate yesterday.
Senators approved legislation which will charge International businesses $250 to set up Segregated Account companies under an umbrella company.
The maximum amount a company will be charged is $1,000 even though more Segregated accounts may be organised.
Independent Senator Walwyn Hughes called the new $33 fee for a vanity licence plate "inordinately low'' compared to other countries but like others did not object to the passage of the Government Fees amendment.
The new method of cataloguing the Island's imports and exports moved a step closer to reality with the passage of the Customs Tariff Amendment, which legalises the new Harmonised System of tariff classification.
Sen. Maxwell Burgess questioned why someone who imports an item of clothing through the airport is charged more than if they import through the post office.
But Government Leader in the Senate Milton Scott shot back: "I raised a similar question a few years ago from that same seat.
"The argument we were given was that retailers had argued for it,'' Sen.
Scott said. "This is a positive step and we will be able to ascertain vital statistics about our trade.'' Also passed yesterday was a resolution giving a two year deferral on Customs Duty to Lawrence Limited for a catamaran tour boat they wish to operate.