Legislative Assembly for the ACT: 2010 Week 12 Hansard (Thursday, 28 October 2010) . . Page.. 5281 ..
numbers that may have been sold since that time. I will see whether I can provide that at the same time.
MS LE COUTEUR: A supplementary?
MR SPEAKER: Yes, Ms Le Couteur.
MS LE COUTEUR: Minister, I fear you will have to take this on notice also. Given that all OwnPlace properties are purchased for less than $328,000, what is the range of profits that people have made from reselling their properties?
MS GALLAGHER: I will take that on notice and get that detail from Land and Property Services, if it is available.
MS BRESNAN: A supplementary?
MR SPEAKER: Yes, Ms Bresnan.
MS BRESNAN: Minister, has Community Housing Canberra resold any of the properties it has acquired under the OwnPlace scheme?
MS GALLAGHER: I do not believe so. Again, I will bring a comprehensive answer back to the Assembly around all those matters.
MR SPEAKER: Members, before we proceed with any further questions, I would like to draw your attention to the fact that members of the Weston Creek Probus Club have joined us in the Assembly today at question time. I welcome you to the Assembly.
Questions without notice
MR SMYTH: My question is to the Treasurer. Treasurer, on Tuesday in question time, I asked you about the coverage of the liabilities of the superannuation provision account and about the valuation of the assets in this account. This information was included, in part, in a report that you tabled in the Assembly in August this year. In your reply, you noted that it was the performance of the global financial markets which caused a loss of gross earnings of the superannuation provision account in the last six weeks of the previous financial year.
Treasurer, your own documents show that the value of assets in the superannuation provision account fell by $96 million between 31 March 2010 and 30 June 2010, while the value of liabilities increased by $343 million over the same period. Treasurer, why did the value of superannuation liabilities increase by $343 million in the June quarter of 2009-10?
MS GALLAGHER: Mr Smyth is right; the increase in liabilities offset by the loss in earnings creates the difference between what had been predicted in the budget and what was tabled, I think, in the annual report.