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Legislative Assembly for the ACT: 2002 Week 9 Hansard (20 August) . . Page.. 2459..


Mr Quinlan (continuing):

Chief Minister's Department (revised August 2002).

Department of Education, Youth and Family Services (revised August 2002).

Department of Health and Community Care (revised August 2002).

Department of Treasury (revised August 2002).

Department of Urban Services (revised August 2002).

Department of Disability, Housing and Community Services.

ACT Housing (revised August 2002).

Statements of Intent

Financial Management Act, pursuant to section 58-

ACTTAB Limited-Statement of Corporate Intent-1 July 2002-30 June 2003.

ACT Community Care-Revised 2002-2003 Statement of Intent (revised August 2002).

Consolidated financial management report

Paper and statement by minister

MR QUINLAN (Treasurer, Minister for Economic Development, Business and Tourism, Minister for Sport, Racing and Gaming and Minister for Police, Emergency Services and Corrections): Mr Speaker, for the information of members, I present the following paper:

Financial Management Act, pursuant to section 26-Consolidated Financial Management Report for the financial quarter and year to date ending 30 June 2002.

I seek leave to make a brief statement.

Leave granted.

MR QUINLAN: These statements-let me stress that they are unaudited-show in the general government sector for last year a surplus, you will be pleased to hear, of about $9 million. Contributions to the fact that it is a surplus include lease sales brought forward of in the order of $13 million and $6.4 million worth of asset re-evaluation.

In May there was a little exchange in relation to return on investments. The return on superannuation was a loss of about $33 million. I remember saying at that stage that I was willing to have a small wager that our investment returns for this year would be closer to zero than to the $63 million that was included in Mr Humphries' budget. I thought it was reasonable that the challenge be made in light of claims made and arguments put forward. I reckoned a bottle of Penfolds Bin 389 of 1998 would be okay. I did pay a wager to Mr Humphries of a bottle of 128 and since that time have upped the ante to 389. Hansard does not include a nod or a shake of the head, so I'll leave it to you, Mr Humphries.


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