Page 599 - Week 03 - Tuesday, 19 May 1992
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ANSWERS TO QUESTIONS
CHIEF MINISTER FOR THE AUSTRALIAN CAPITAL TERRITORY
LEGISLATIVE ASSEMBLY QUESTION
Question No 19
Casino Project - Allocation of Premium
Mr Cornwell - Asked the Treasurer upon notice on 7 April 1992:
In relation to the estimated $19 million premium payable by the successful bidder for the ACT casino licence, which will be used for "community facilities" (Hansard 12 December 1991):
(1) Will this money be used exclusively for capital works.
(2) If not exclusively for capital works, what proportion, if any, will be allocated for capital works.
(3) What is the definition of "community facilities".
(4) Who will decide upon the allocation of this money.
(5) Has consideration been given to investing the whole, or part, of this money and applying just the interest on the investment for "community facilities" use.
Ms Follett - The answer to the members question is as follows:
(1 &2) It is intended, in accordance with the Governments electoral commitments, that the $19 million casino premium will be directed to capital projects for cultural and heritage facilities.
(3) The facilities will be major cultural and heritage projects.
(4) On 19 February 1992 I published a notice in the Gazette
identifying arrangements that have been made for the provision of
community facilities associated with the development of the
casino. 1 have requested my Ministers to submit community
facilities projects for consideration. These projects will be
considered and cost estimates made.
The proposed allocation will be submitted to the Assembly for passage within the annual Appropriation Bill.
(5) The option of investing the premium and using the interest for community facilities is not currently under consideration by the Government.
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