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Legislative Assembly for the ACT: 2009 Week 10 Hansard (27 August) . . Page.. 3839..


MS GALLAGHER (continuing):

and it would appear that no issues have been raised that would preclude the joint venture from continuing to operate.

I am confident that ACTTAB's participation in this joint venture will generate better returns compared to the former arrangements with Tabcorp by providing a broader range of betting products at more competitive odds.

Rhodium Asset Solutions Ltd—disposal of several main undertakings

Paper and statement by minister

MS GALLAGHER (Molonglo—Treasurer, Minister for Health, Minister for Community Services and Minister for Women): For the information of members, I present the following paper:

Territory-owned Corporations Act, pursuant to subsection 16(3)—Statement—Voting shareholder consent for Rhodium Asset Solutions to dispose of several main undertakings.

I seek leave to make a statement in relation to the paper.

Leave granted.

MS GALLAGHER: As required under section 16(3) of the Territory-owned Corporations Act, I hereby present details of the consent given by the two voting shareholders for Rhodium to dispose of two main undertakings.

By way of background, a resolution was previously passed in this Assembly on 10 February agreeing to the disposal of any of Rhodium's main undertakings. The resolution was put to the Assembly in order to facilitate winding down the company as early as possible, rather than simply waiting until all the remaining leases have expired, some of which extend to 2018.

I am pleased to now advise that Rhodium has successfully disposed of two of its main undertakings. The first main undertaking relates to the staged transfer of the ActewAGL fleet to a new provider, Toyota Fleet Management. This was substantially completed on 1 July 2009 with a few remaining vehicles to be transferred on 31 October 2009. The disposal of the other main undertaking concerned the transfer of the ACT government fleet contract to a new service provider, SG Fleet. This was completed on 31 July 2009.

Financial Management Act—instrument

Paper and statement by minister

MS GALLAGHER (Molonglo—Treasurer, Minister for Health, Minister for Community Services and Minister for Women): For the information of members, I present the following paper:

Financial Management Act, pursuant to section 19B—Instrument varying appropriations related to Better TAFE Facilities—Canberra Institute of Technology, including a statement of reasons, dated 25 August 2009.


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