Legislative Assembly for the ACT: 1996 Week 14 Hansard (12 December) . . Page.. 4828..
MR DE DOMENICO: I would like to bring the Assembly up to date with some important developments that relate to the Government's Territory-owned corporations, each of them a successful business. By way of background, the Territory Owned Corporations Act 1990 requires that when a government business enterprise has been corporatised it must provide a statement of corporate intent annually. ACTTAB Ltd is the latest ACT Government business to be corporatised - an event that occurred earlier this year. I therefore take great pleasure in tabling ACTTAB's first statement of corporate intent, and similar statements for 1996-97 for ACTEW Corporation Ltd and Totalcare Industries Ltd.
ACTTAB has a new direction. It is moving into an area that will see significant improvements on returns to the Government, the racing industry and the community. ACTTAB will upgrade technology in betting outlets and explore new betting pool links and gaming products. The new arrangements establish a framework whereby ACTTAB has a much greater commercial focus, coupled with the ability to respond quickly to the market and new developments in gaming. I recall that during question time Mr Berry found it difficult to understand why we would have to see what New South Wales did in terms of the TAB. I note that the New South Wales Labor Government has recently announced its intention to privatise its TAB.
ACTEW Corporation, which is already chalking up some impressive achievements by seeking and gaining work outside the Australian Capital Territory, will continue its quest for diversity and bigger market share. ACTEW's statement of corporate intent for 1996-97 says that the corporation will continue to provide cost-effective water, sewerage and electricity services to the Canberra community. ACTEW has been very much a success story since its corporatisation, and its statement of corporate intent indicates some of ACTEW's innovative approaches to new markets.