Legislative Assembly for the ACT: 2007 Week 4 Hansard (1 May) . . Page.. 751..
MR STANHOPE (continuing):
Stay Caravan Park land swap agreement entered into by the government on 11 August 2006. I commend the instrument to the Assembly.
Government agreement-Actew Corporation Ltd
Paper and statement by minister
MR STANHOPE (Ginninderra-Chief Minister, Treasurer, Minister for Business and Economic Development, Minister for Indigenous Affairs, Minister for the Environment, Water and Climate Change, Minister for the Arts): For the information of members, I present the following paper:
Territory-owned Corporations Act, pursuant to subsection 16 (3)-Statement-Government Agreement for Actew Corporation to establish a business presence in Thailand.
I ask for leave to make a statement in relation to the paper.
MR STANHOPE: As required under section 16 of the Territory-owned Corporations Act, I hereby present details of the government's consent for Actew Corporation Ltd to establish a business presence in Thailand. On 23 December 2006 the voting shareholders agreed that Actew could explore entry into the Thai market via the purchase of equity in an existing company and the creation of a new Thai company. The Actew investment is modest and carries relatively low risk.
Thailand is a suitable market for the Actew/ActewAGL/Ecowise group to expand into as part of a growth strategy within the framework of its current capabilities. The group will canvass new business opportunities in areas closely aligned to its core strengths, including water business, environmental services, waste water, gas and electricity. Actew views the successful establishment of business operations in Thailand as a vehicle for greater growth opportunities which, in turn, may provide further stable dividend streams to the government. I commend this statement to the Assembly.
Mr Corbell presented the following papers:
University of Canberra Act, pursuant to section 36-University of Canberra-Annual Report 2006, including financial statements, dated April 2007.
Petition-Out of order
Revolve Ltd, tender process-Mr Berry-(3,723 signatures).
Subordinate legislation (including explanatory statements unless otherwise stated)
Legislation Act, pursuant to section 64-
Animal Welfare Act-Animal Welfare (Welfare of Cats in the ACT) Code of Practice 2007-Disallowable Instrument DI2007-67 (LR, 28 March 2007).