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Legislative Assembly for the ACT: 2014 Week 9 Hansard (16 September) . .

Page.. 2708..

Bill 2014 will also keep a number of provisions and concepts from the existing major event legislation of 2000.

However, a modern events management legislative scheme is required to ensure that the ACT complies for the safe running of these tournaments. The current legislation for events does not address the specific requirements that event organisers and international bodies now require. The Major Events Bill will provide an opportunity for appropriate safeguards for event participants, event spectators and event organisers.

The changes proposed in the bill will provide an important legacy for the territory and will support our ongoing capability to attract and host major events in the future. They will allow us to bid for future major events, and the ACT is undoubtedly an emerging market for such events, and we are in competition with other jurisdictions, including New South Wales and Victoria. The significant and enduring economic impact to Canberra from hosting major events is substantial, and it provides an opportunity to showcase our city to a world audience, showcase for trade and business and investment opportunities for the city.

In 2010 PricewaterhouseCoopers undertook an economic impact assessment of next year's Asian Cup, which found that the tournament is expected to generate additional government revenues as follows: $9.4 million for the commonwealth and $4.6 million for state and local governments in the low scenario, $11.4 million for the commonwealth and $6 million for state and local governments in the medium scenario, and $18.3 million for the commonwealth and $8.9 million for state and local governments in the high scenario. These results indicate that the Asian Cup has potential to generate a positive economic impact for the ACT and nationally with a relatively low capital commitment.

Further, Deloitte Access Economics conducted an economic impact assessment of Canberra's Cricket World Cup bid. It was estimated that the event would bring a direct expenditure to the territory of more than $8 million with a total added value of over $7 million. These figures, though, were based on the ACT hosting only one full match. We now have won the rights to host three.

This Major Events Bill supports Canberra plan objectives to ensure that a strong, dynamic, resilient and diverse economy is present to meet the needs of the Canberra community and to promote the territory's place as the heart of a broader economic region. The intention is to test the provisions of the Major Events Bill for the one-day international cricket match between Australia and South Africa to be held at Manuka Oval on 19 November.

In introducing major new events legislation for the ACT, it is important that we ensure that the territory is event ready for the world stage, and this bill facilitates major events being staged here and builds on the significant momentum our centenary year major event celebrations have generated for the city.

MR HANSON (Molonglo—Leader of the Opposition) (11.13): Firstly, I will explain why I moved to adjourn this debate this morning. It is for two main reasons. The first is that the bill is still incomplete. There are amendments being drafted by the

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