Page 396 - Week 02 - Wednesday, 2 March 1994
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Mr De Domenico: No, no; because VITAB was not an Australian company. It still is not.
MR BERRY: Hang on a minute. There is the same sort of arrangement between ACTTAB and the Northern Territory TAB in these respects: ACTTAB provided - - -
Mrs Carnell: Except that one is established as a tax haven and one pays taxpayers' money back.
MR BERRY: Yesterday I put out a press release which said that we looked like getting $500,000 out of this deal for this year - - -
Mr De Domenico: Yes; but how much are we losing?
MR BERRY: Hang on a minute. We look like getting $500,000 this year. We have already paid our set-up costs. If we had sat back and done what Mr De Domenico wanted us to do, to ignore it, we would have had no opportunity to get that.
Mr De Domenico: Oh, no!
MR BERRY: No, no; Mr De Domenico does not want us to get that sort of money. He does not want us to profit. Somebody else would have it. Would you rather it that way? Those are the clear facts. We have the money. VITAB have said that they are not going to recruit Australian punters. The arrangement is that ACTTAB provide detailed assistance with the establishment of VITAB's operation; that ACTTAB process VITAB's bets using ACTTAB's computer system; that VITAB pay ACTTAB a percentage of turnover as a process fee; that VITAB meet all its establishment and operational costs. The significant benefits, which I just mentioned, were talked about at the time, although they have grown to $500,000 now. We are doing much better.
Mrs Carnell: You are not doing anything.
MR BERRY: Yes, we are doing much better. We are in front. That is the problem with you. You behave the same with every successful enterprise in the ACT.
Mr De Domenico: Who asked Price Waterhouse, Vanuatu, to do the check for you? Who paid for it?
MADAM SPEAKER: Order! You can ask that as a supplementary question.
MR BERRY: I do not have in front of me information as to who signed the cheque, but I will find out and inform you.
Mr Humphries: Who commissioned the report?
MR BERRY: I will get the exact details for you and I will tell you.
Mr De Domenico: But this is the report that you based your recommendations on. You do not know who did it?
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