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Legislative Assembly for the ACT: 1997 Week 7 Hansard (25 June) . . Page.. 2077..


Mr Berry: Where?

MRS CARNELL: In the Estimates Committee, and it was responded to in full. The next question, by the way, was: Who is conducting the review or completing the work, and are they Canberra-based firms and consultants? That was answered. The question whether competitive tendering was employed was answered. Questions as to when the reviews are due to be completed and the cost of the reviews were answered. Mr Wood, I will go to question No. 7, the cost of the review. I will quote it, because obviously Mr Whitecross has very large trouble reading the answers that he has already:

FRSL -

that is, Fay Richwhite Securities Ltd -

have been engaged for a fixed fee of $195,000 plus costs associated with expert legal and accounting advice not available in house.

Just to answer Ms McRae's question, Fay Richwhite are merchant bankers. If you would like me to answer Mr Whitecross's question, I can read the terms of reference. The four companies asked to undertake the work were CSFB, Bankers Trust Corporate Finance, Troughton Swier and Associates Pty Ltd and Fay Richwhite. They were all asked for - - -

Mr Berry: That is just another bunch of questions.

MRS CARNELL: I am sorry; I was asked who was asked to tender. I am answering who was asked to tender. That was question No. 4. If you would like to keep going with this line of questioning, I am very happy.

MR SPEAKER: We could table that and then half of question time would be cut out, would it not?

MRS CARNELL: We could get rid of it.

Workers Compensation

MRS LITTLEWOOD: My question is to the Chief Minister. I refer to the recent announcement that the workers compensation premium for the ACT Public Service has been cut dramatically. Can the Chief Minister inform the Assembly as to how the ACT Government achieved this reduction and what effect it will have upon the 1997-98 budget?

MRS CARNELL: Thank you very much. It is good to have a question that is sensible and has not been answered already in full in writing, Mr Speaker. When this Government came to office we were faced with a massive increase in the workers compensation premium for the Public Service. The previous Labor Government had done nothing.


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