Page 5142 - Week 17 - Wednesday, 12 December 1990

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CHIEF MINISTER FOR THE AUSTRALIAN CAPITOL TERRITORY

LEGISLATIVE ASSEMBLY QUESTION

Question No. 288

Gaming and Liquor Authority Reserves

MS FOLLETT - Asked the Treasurer upon notice on 20 November 1990:

What does the Government intend to do with the $14 million reserves of the Gaming and Liquor Authority when the Authority is abolished.

MR KAINE - The answer to the members question is as

follows:

The Gaming and Liquor Authority is to be abolished on 1 January 1991, pending the passage of the Australian Capital Territory Gaming and Liquor Authority (Repeal) Bill 1990. Before that date the Authoritys reserves will be paid into the Territorys Consolidated Revenue Fund. These reserves, which are expected to total approximately $14m, will then be available to assist the Government in financing major expenditure such as the hospital redevelopment program.

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