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Legislative Assembly for the ACT: 1996 Week 1 Hansard (20 February) . . Page.. 32 ..

Ms Follett: No, I do not know.

MRS CARNELL: They were on holidays. We now have a Cabinet decision on this, and the Remuneration Tribunal will be appointed as a matter of urgency now that Cabinet has approved those sorts of things. I am very happy to table for the Assembly any determinations I have made during the period.

National Capital Investment Centre

MR HIRD: My question also is to the Chief Minister. I refer to a recent announcement by Mrs Carnell that a National Capital Investment Centre is to be established in Canberra. Can the Chief Minister outline to the parliament how this new centre will benefit Canberrans and small investors?

MRS CARNELL: Thank you very much for the question, Mr Hird. It allows me to focus on yet another initiative that this Government has helped to deliver and that will benefit the community. There are an estimated 42,000 private shareholders in Canberra.

Mr Berry: It would have been all right if you had just stuck to your promises and not worried about a few of these other things.

MRS CARNELL: It is interesting that those opposite do not seem to be at all interested in fixed income superannuants and retirees, people to whom up-to-date information about the share market and other investment options is essential. This new service that the Government is involved in will certainly help these investors and other Canberrans interested in the share market.

The National Capital Investment Centre is a joint venture between the Government, the Australian Stock Exchange and Commonwealth Funds Management. It will provide practical investment information and will also feature Canberra's first electronic share market board. The centre will be leased and managed by CFM staff, who will also be conducting superannuation and general investment information seminars. The Stock Exchange will also be conducting regular seminars on investing in the share market and will provide displays and publications through the centre. The investment centre will be established in a high-profile spot in Civic, probably in London Circuit. I understand that negotiations over the lease are in their final stages, and it is expected that the opening will take place soon after Easter.

The centre will send two messages, two clear signals, to the boneheads opposite on the Labor benches. First, it is a sign of confidence in the ACT economy that CFM and the Australian Stock Exchange are willing to invest in its establishment. Who knows? In the future, the ASX may well decide to expand its presence in the national capital, creating more jobs and more investment. Second, it puts paid to Ms Follett's very definite claim that we - - -

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