Page 1376 - Week 04 - Thursday, 10 April 2008

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(1) What is Rhodium Asset Solutions current policy on sponsorships;

(2) How many sponsorship arrangements is Rhodium currently committed to;

(3) What is the value of these sponsorships.

Mr Stanhope: The answer to the member’s question is as follows:

(1) The current policy on sponsorships is summarised as follows:

(a) Sponsorship must be consistent with the values, corporate purpose and goals of Rhodium.

(b) Rhodium staff must not individually benefit as a result of sponsorship.

(c) The benefits of a sponsorship must go to Rhodium or the ACT community region.

(d) Sponsorships will be considered if they:

(i) target a significant group with economic benefits flowing on to Rhodium; or

(ii) provide national media coverage and thus assist in branding Rhodium; or

(iii) highlight Rhodium as a model corporate citizen through assisting those in need; or

(iv) provide contra business opportunities.

(e) The Chief Executive Officer must:

(i) maintain accurate copies of all sponsorship agreements;

(ii) advise the Board of all sponsorships at the outset of formal negotiations;

(iii) ensure that details of sponsorship income and expenditure are forwarded to the Board in a report outlining how each sponsorship has benefited Rhodium.

(f) Sponsorship applicants will be provided with a copy of Rhodium’s sponsorship guidelines before they submit a sponsorship proposal.

(2) Rhodium has two major sponsorships with the Brumbies and the ACT Association for Advancing Disabled Sport (ACTAADS), as well as three minor advertising sponsorships.

(3) Rhodium provides to the Brumbies eleven fully maintained motor vehicles, including registration, insurance, maintenance, servicing and other running costs. The total lease and running costs have been estimated at $150,000 pa. Rhodium also provides ACTAADS with an annual cash donation of $20,000 and has agreed to explore the development of an annual fundraising event. In addition Rhodium has paid a total amount of $1,291.50 for advertisements to appear in the ACT Police Citizens Youth Clubs “Street Smart Handbook for School Leavers”, the AFP Federation Bi-Annual journals and the Australian Firefighters journal.

(Question No 1929)

Mr Seselja asked the Minister for Indigenous Affairs, upon notice, on 4 March 2008:

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