Legislative Assembly for the ACT: 2002 Week 12 Hansard (13 November) . . Page.. 3518..
MR QUINLAN (continuing):
But we do have a difficult target to reach, and some politics will be made out of it. I said back in 1998 that we ought to be careful about how we treat investments in the future because we plug them through to the bottom line, and we are in a market that has peaks and troughs. But generally, the line of best fit has been demonstrated to be positive, and the markets will recover.
Whether the markets recover in the next year or two or three is difficult to say. There is certainly exposure to the market, but we are on a particular horse in terms of the superannuation schemes and investment and funding scheme we have in place, and the scheme we have now is based on the best advice available.
MR HUMPHRIES: Can you be a little bit clearer, Treasurer, about which is the succinct statement of the government's policy on the superannuation provision account at the present time? Is it the Treasury annual report, at page 35, that outlines the strategy, or is it the statement issued by Mr Stanhope on 28 October? They do not appear to be consistent.
MR QUINLAN: I was not here, but the figures supplied by Treasury-Mr Stanhope gave you the position today-and the Treasury annual report give you the position that is necessary to adopt to achieve a 5 per cent return or 90 per cent funding over four years.
Gungahlin Drive extension
MS GALLAGHER: My question is to the Minister for Planning, Mr Corbell. Can the minister advise the Assembly of the community response to the government's revised alignment to the Gungahlin Drive extension?
MR CORBELL: The ACT government announced a revised alignment to the Gungahlin Drive extension on 2 October this year. That followed a detailed and extensive consultation process with affected residents along the route and other interested stakeholders.
Four community feedback sessions were held in mid-October, which provided information on improvements and amendments to the alignment. The October feedback sessions were held in Aranda, Gungahlin, Kaleen and Bruce and attracted around 300 participants in all. Not surprisingly, 200 of those participants were at the Aranda meeting.
The overwhelming response from these sessions was that the government's revised alignment was a welcome improvement to the previous proposal-
Mrs Dunne: You're starting at a low base; you're not saying much.
MR CORBELL: And that residents-I know you don't like this, Mrs Dunne-were largely supportive of the changes that the government had made. Indeed, Mrs Dunne, both I and the Chief Minister have been stopped by individuals in the street, who said, "Thank you for making those changes in Aranda; you've addressed our concerns."