Page 4279 - Week 13 - Thursday, 25 November 1993

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APPENDIX 8:

(Incorporated in Hansard on 25 November 1993 at.page-417-1)

CHIEF MINISTER. FOR AUSTRALIAN CAPITAL TERRITORY.

LEGISLATWE ASSEMBLY

QUESTION WHOLLY NOTICE TAKEN ON NOTICE : 26 AUGUST 1993

MS FOLLETT- On Thursday August, 1993IVirs Carnell asked me about the amount of money lost by the ACT Government in the collapse of Australian Capital Auctioneers.

MY ANSWER IS: ACT Government exposure amounts to $36 373 as a result of the voluntary liquidation of Sale-O Pty Ltd (trading as Australian Capital Auctioneers). This is spread over a number of Agencies. However, as a result of this, where exposure has been identified the Agencies have examined their procedures and controls to ensure the safe guarding of Territory assets and moneys.

ACT Gave. Agencies are responsible for the recording, administration, maintenance and disposal of the assets under their program control. The Territorys :Treasury Directions place a legal obligation on Administrative Units to establish and maintain Asset Registers that enable a properly classified and continuous record of assets under their control.

The Department of Urban Services and ACT Treasury are currently developing policies on Disposals it Assets Management that will address the issues regarding assets valuation, control, reporting; accountability and disposal.

The ACT Government Solicitor is currently examining the legislation in relation to auctioneers.

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