Legislative Assembly for the ACT: 2001 Week 8 Hansard (9 August) . . Page.. 2885 ..
Answers to questions
Ultimate Rock Concert
(Question No 360)
Mr Stanhope asked the Chief Minister, upon notice, on 1 May 2001:
1) Is there a dispute between the Government or any of its agencies including Bruce Operations Pty Ltd, the Stadiums Authority and the insurers of the Ultimate Rock Concert.
2) What is the nature of the dispute.
3) Is the Government or any of its agencies including Bruce Operations Pty Ltd or the Stadiums Authority legally represented in this dispute.
4) If so, who is representing the government and how much has been expended on legal fees in pursuing the dispute.
5) Has the Government's claim against the promoter or insurers been settled.
6) If so, when was the claim settled and for how much.
7) Has the reconciliation statement required under the contract between the parties been completed and if so, when was it completed and could a copy be provided.
8) What costs have been incurred by the Government or any of its agencies, including Bruce Operations Pty Ltd or the Stadiums Authority, in pursuing the claim against the promoter or insurers.
9) Could a breakdown of all the costs be provided.
10) What has been the Government' total expenditure on the Ultimate Rock Concert to this date.
Mr Humphries: The answer to the member's question is as follows:
1. & 2. Bruce Operations Pty Ltd (BOPL) sustained a loss from the cancellation of the Ultimate Rock Symphony. BOPL sought indemnity from the Broker, Loss Adjuster and the Insurer. To date BOPL has not been successful in obtaining an insurance pay out to cover the loss.
The factual and legal circumstances that apply in this matter are complex and resolution has been made more complicated due to the fact that the Insurers are London based. Demand has been made of the Insurers and a response is awaited from the lead underwriter.
3. BOPL is represented by Minter Ellison.
4. Since the cancellation of the concert, BOPL has paid a total of $44,236.80 in legal fees and disbursements as it has pursued resolution of this matter. It has received invoices for a further $9,388.50.