Supporting 13 drafts to be enforced


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June 20, 2011



Mr.Narit Chaiyasooth, Director of the Fiscal Policy Office announced that recently the Fiscal Policy Office has ranked the most significant thirteenth drafts of legislations to be preliminarily enactments. All of these enactments will effect Thailand economic growth:

1. National Savings Fund Act – this Act is become effective;
2. Draft Decree on Liquidation of the Thai Asset Management Corporation – this draft has already approved by the Cabinet;
3. Draft Land and Building Tax Act – the act is depended on the House of Representatives. If the new government gives the approval of this Act, the Act will be the first property tax law of Thailand;
4. Draft Business Securities Act - The main substance is to let the properties which have economic values and cannot be mortgaged or pledged to be used as securities on loan. It is depending with the House of Representatives;
5. Draft Amendment Act to Royal Enactment on Special Purpose Juristic Persons for Securitization B.E. 2540 –the draft is depended on the decision of the House of Representatives;
6. Draft Credit Card Business Act – the Council of State has already approved of it;
7. Draft Finance of the State Act – the draft is depended on the approval of the Council of State;
8. Draft Securities and Stock Exchange Act- the draft is depended on the approval of the Council of State;
9. Draft Fiscal measures for the Environment Act;
10. Draft Fair Debt Collection Act;
11. Draft Casualty Insurance Act;
12. Draft Life Insurance Act;
13. Draft Promotion the Mergers and Acquisitions in Capital Markets Act;




The drafts no. 9-13 is depended on the Fiscal Policy Office in order to propose to the Council of State. The Fiscal Policy Office will precipitate all 13 drafts of legislations to become effective that those shall be immediately broached to the new government.



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