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Legislative Assembly for the ACT: 2010 Week 10 Hansard (23 September) . . Page.. 4529..


Finance—departmental loans (Question No 1108)

Mr Seselja asked the Minister for Planning, upon notice, on 26 August 2010:

(1) In relation to each department or agency within the Ministers portfolio area, what loans were outstanding as at 30 June 2010.

(2) When was each loan entered into.

(3) What is the interest rate and maturity date of each loan.

(4) Who has provided each loan, and how was each loan acquired.

Mr Barr: The answer to the member's question is as follows:

The ACT Planning and Land Authority have no loans.

(1) - (4) See above.

Finance—departmental loans (Question No 1115)

Mr Seselja asked the Minister for Health, upon notice, on 26 August 2010:

(1) In relation to each department or agency within the Ministers portfolio area, what loans were outstanding as at 30 June 2010.

(2) When was each loan entered into.

(3) What is the interest rate and maturity date of each loan.

(4) Who has provided each loan, and how was each loan acquired.

Ms Gallagher: I am advised that the answer to the member's question is:

(1) ACT Health had no loans outstanding as at 30 June 2010.

(2) Not applicable

(3) Not applicable

(4) Not applicable

ACT Health did incur borrowing costs of $0.406 million during 2009-10 however this was as a result of finance leases being entered into for vehicles. There were 318 finance leases as at 30 June 2010 with interest rates varying between 3.9% and 7.9%. The vehicle fleet is leased through SG Fleet and the finance leases were entered into at various times over the previous two years under a rolling vehicle replacement program.


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