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Legislative Assembly for the ACT: 2001 Week 8 Hansard (9 August) . . Page.. 2684 ..

MR SMYTH: Mr Speaker, the Leader of the Opposition just blurts out these little things the whole time, making it impossible to read. I am sure that one of the standing orders says that members will be heard in silence.

MR SPEAKER: I thought you were actually telling Mr Hargreaves.

MR SMYTH: Mr Speaker, the question was: does CTEC pay the Australian V8 supercar company for the rights to hold the race? In order to comply with Mr Berry's question on notice, CTEC requested the chairman of AVESCO to provide his written consent to the release of the information to members of the select committee. AVESCO formally declined to give its consent to the release of details of the fee applicable to the GMC400, in view of the commercially sensitive nature of the information, which, if released, would compromise AVESCO's commercial interests in relation to other contracts in this field.

Mr Speaker, the payment to AVESCO for the 2000 event is contained in CTEC's annual report for 1999-2000 under the line item for fees and charges of $1.455 million. Other charges contained within this item are for the CAMS permit fee, insurance, emergency services, radio band fee, management and design fees, and NCA works approval and noise monitoring.

Mr Kaine also asked about payments that would have to be made to the organisation in the event of the car race not being run for the full five years of the contract. There are clauses in the contract with regard to termination, as there are in other events contracts. The response earlier also applies to these clauses, but we can ask AVESCO whether it is willing to release that information, although in many ways the question is irrelevant because the scenario is simply not possible. Two years of the 5-year event have already run. We fully expect to run the final three years of the event.

Budget forecasts

MR HUMPHRIES: Yesterday, Mr Quinlan asked me a question relating to the May 2001 consolidated financial management report, tabled in the Assembly on Tuesday. I have to say that I was perplexed by the question at the time, and reading the Hansard has made me even more perplexed. Mr Quinlan, the shadow Treasurer, stated that the report "shows a projected surplus for the current financial year of $45.6 million". Later in the question I queried the comment about the current financial year, and he confirmed that he was talking about the current financial year, because the consolidated financial management report relates only to last financial year, the financial year ending 31 May 2001. However, from looking at the figures in that document, it is clear that that was the document to which he was referring.

Mr Quinlan proceeded to ask me whether that figure of $45.6 million takes into account supplementary appropriations made this year-he said this year-including the $30 million for HIH and the $43 million mini-budget, as he put it, that was brought down.

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