Legislative Assembly for the ACT: 1998 Week 1 Hansard (30 April) . . Page.. 247 ..
Paper and Ministerial Statement
MS CARNELL (Chief Minister and Treasurer): Mr Speaker, for the information of members and pursuant to subsection 47(3) of the Financial Management Act 1996, I present an approval of a guarantee under an agreement between the Australian Capital Territory and the Commonwealth Bank of Australia. I ask for leave to make a short statement.
MS CARNELL: In accordance with subsection 47(3) of the Financial Management Act 1996, I table a copy of an approval I have given in relation to a guarantee by the Territory. The approval relates to financing facilities within or between the Commonwealth Bank of Australia and Gold Creek Country Club Pty Ltd. As part of the restructuring of Harcourt Hill Pty Ltd, the Government acquired full ownership of the Gold Creek golf course. The Harcourt Hill joint venture had established Gold Creek Country Club Pty Ltd as a company to manage the golf course on its behalf. It was wholly owned by Harcourt Hill Pty Ltd. Ownership of this company was transferred to the Territory on 24 December 1997. The financing facilities held by this company were previously guaranteed by Harcourt Hill, which was in turn guaranteed by the Treasurer. With the separation of ownership of Gold Creek Country Club Pty Ltd from Harcourt Hill, a separate guarantee was required; and this is now tabled, for the information of members, in accordance with section 47 of the Financial Management Act 1996.
MR HUMPHRIES (Attorney-General, Minister for Justice and Community Safety and Minister Assisting the Treasurer): Mr Speaker, for the information of Members, I present the following papers:
National Crime Authority - report for 1996-97, including financial statements and the report of the Australian National Audit Office, dated 19 September 1997.
ACT Administration of Justice - statistics profile for October to December 1997 and January to March 1998.
Annual Reports (Government Agencies) Act -
The Nominal Defendant (ACT)- report for 1997.
Canberra Institute of Technology - report for 1997 and financial statements, including the Auditor-General's report.