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Legislative Assembly for the ACT: 2010 Week 10 Hansard (23 September) . . Page.. 4531..


(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 Stanhope: The answer to the member's question is as follows:

This information is contained within the response to QON 1128.

Finance—departmental loans (Question No 1128)

Mr Seselja asked the Minister for Territory and Municipal Services, 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 Stanhope: The answer to the member's question is as follows:

(1) At 30 June 2010 there is one loan outstanding relating to ACT NoWaste.

ACTION's loans outstanding as at 30th June 2010:

* Loan 1 - Commonwealth Government Loan

* Loan 2 - The Central Financing Unit, ACT Treasury loan.

(2) The ACT NoWaste loan commencement date was 31 January 2004.

ACTION

* Loan 1: At the time of self-government for the ACT in 1988-89 a debt transferred from the Commonwealth to the ACT.

* Loan 2: The Central Financing Unit, ACT Treasury, provided ACTION with a loan on 15 June 2004. This loan was for the purchase of buses and construction of a compressed natural gas (CNG) refuelling facility.

(3) The ACT NoWaste interest rate is fixed at 7.82% per annum, maturing on 28 January 2014.

ACTION

Loan 1: Interest Rate 12.57%, maturing on 30 June 2023.

Loan 2: Interest Rate 5.5% per annum, maturing on 15 June 2014.

(4) The purpose of the ACT NoWaste loan was to finance the building of the ACT NoWaste recycling plant and the associated infrastructure located at Hume ACT. The finance was provided by Theiss Services Pty Ltd.


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