Page 1789 - Week 07 - Tuesday, 15 June 1993
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TOTALCARE INDUSTRIES LTD - STATEMENT OF CORPORATE INTENT
Paper and Ministerial Statement
MR CONNOLLY (Attorney-General, Minister for Housing and Community Services and Minister for Urban Services): Madam Speaker, for the information of members, I present the statement of corporate intent, 1 July 1992 to 30 June 1995, for Totalcare Industries Ltd, pursuant to section 19 of the Territory Owned Corporations Act 1990. I ask for leave to make a short statement.
Leave granted.
MR CONNOLLY: Under section 19 of the Territory Owned Corporations Act 1990 the portfolio Minister is required to lay before the Assembly a statement of corporate intent in relation to a corporation within 15 sitting days of receiving it. Under section 20 of the said Act the statement of corporate intent shall provide information in relation to the financial year to which it relates and to the following two financial years. Totalcare Industries was incorporated on 28 November 1991 and became a Territory owned corporation under the Territory Owned Corporations Act 1990 on 1 January 1992. The statement of corporate intent which is tabled with this statement is that applying for the period from 1 July 1992 until 30 June 1995.
Under section 19(4) of the Territory Owned Corporations Act 1990 the portfolio Minister may delete from the statement any part dealing with commercially sensitive information. However, if this is done, the Minister is required to lay before the Assembly a further statement setting out the general nature of the material deleted and the reasons for the deletion. This statement sets out the following details of material deleted from the statement of corporate intent: Firstly, all material relating to sales volumes and revenue projections for the linen and waste management divisions has been deleted on the grounds of commercial sensitivity and, secondly, certain other material relating to revenue projections and profitability forecasts for all divisions has been deleted on the grounds of commercial sensitivity.
My office would be happy to provide briefings on these matters to members on the basis that they be kept sensitive; but, as this is a company competing out there in an open market, provision of this commercially sensitive material in open Assembly forum would disadvantage the company in its competition with other companies. I move:
That the Assembly takes note of the paper.
Debate (on motion by Mr De Domenico) adjourned.
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