Legislative Assembly for the ACT: 2010 Week 12 Hansard (26 October) . . Page.. 5024..
MS GALLAGHER: I will take some further advice on that, Mr Speaker, but the performance of the superannuation fund, and increases and decreases, has been largely due to the performance of the financial markets.
MR SPEAKER: Mr Smyth, a supplementary?
MR SMYTH: Thank you, Mr Speaker. Treasurer, why has the funding of the superannuation liability declined since the 2009-10 budget?
MS GALLAGHER: I just want to check the figures that Mr Smyth is using in terms of comparing, and I will provide that advice back to the Assembly.
MR SPEAKER: A supplementary, Mrs Dunne?
MRS DUNNE: A supplementary question, Mr Speaker. Treasurer, was the $320 million in the provision account for superannuation in the budget a real amount or was it just one of your guesses?
MS GALLAGHER: It was a real amount.
MRS DUNNE: A supplementary question, Mr Speaker?
MR SPEAKER: Yes, Mrs Dunne.
MRS DUNNE: Treasurer, what strategies do you have for implementing an increase of funding of the liabilities in the superannuation provision account?
MS GALLAGHER: The government does this as part of its annual budget process. We have also had a review done around the superannuation provisions and our liabilities. We make adjustments to that based on our budget decisions. This occurs every year. We are taking some extra advice on that in terms of the impact of the GFC on our superannuation liabilities and in terms of meeting the target that we have set ourselves. So this is something that we do every year. That advice will be provided to cabinet shortly.
MR HANSON: My question is to the Minister for Health. Minister, on Tuesday, 19 October you said on ABC's 666 radio program that you were currently considering the option of building a new hospital in the north of Canberra and mentioned Gungahlin and the University of Canberra as possible locations. Given the failure of your negotiations with the Little Company of Mary to date with regard to Calvary hospital and the $77 million of taxpayers' funds that were nearly squandered by you during this failed deal, what confidence can you provide to the people of Canberra that you can manage the complexity of such a plan as to build a new hospital on time, on budget and on scope?
MS GALLAGHER: The commitment I make to the Canberra community I make every four years and I get judged on it. I have to say that every time I have been