Page 2533 - Week 09 - Tuesday, 6 August 2013

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barn egg production facility, increased costs relating to sports ground irrigation as a result of dry weather in 2012-13, the board of inquiry into the conviction of Mr Eastman, and support for the construction of the boundless children’s playground.

I present this summary of expenditure and commend this paper to the Assembly.

Territory-owned Corporations Act—statements of corporate intent

Papers and statement by minister

MR BARR (Molonglo—Deputy Chief Minister, Treasurer, Minister for Economic Development, Minister for Sport and Recreation, Minister for Tourism and Events and Minister for Community Services): For the information of members I present the following papers:

Territory-owned Corporations Act, pursuant to subsection 19(3)—Statements of Corporate Intent—

ACTEW Corporation Ltd—2013-14 to 2016-17.

ACTTAB Limited—1 July 2013 to 30 June 2014.

I ask leave to make a statement in relation to the papers.

Leave granted.

MR BARR: In accordance with subsection 19(3) of the Territory-owned Corporations Act, I hereby present the 2013-14 statements of corporate intent for ACTEW Corporation and ACTTAB. The statements of corporate intent outline the key commercial objectives, the main undertakings, business and corporate strategies as well as the financial outlook extending from the 2013-14 fiscal year and throughout the forward estimates period. The ACTEW and ACTTAB statements of corporate intent have been prepared according to the statutory time frames prescribed in the Territory-owned Corporations Act 1990, which must be tabled in the Assembly within 15 sitting days of being received by the voting shareholders.

It is relevant to note that this timing did not enable ACTEW to incorporate the financial impact of the ICRC’s final pricing determination for water and wastewater services that was issued on 26 June 2013. As a consequence, ACTEW’s statement that I am tabling today includes the financial forecasts identified in the 2013-14 budget papers which do not take into account the impacts of the recent price determination. ACTEW is not expected to be able to confirm the final pricing impact until late August 2013. This matter is highlighted on page 19 of ACTEW’s statement of corporate intent, where it is noted that the financial measures are subject to material change once the ICRC’s pricing impacts have been determined.

Therefore it is expected that ACTEW may need to submit a modified statement of corporate intent later in the year, as provided for under the Territory-owned Corporations Act. Section 21 of the act requires the modified statement of corporate intent to be prepared according to the same prescribed consultation process as the

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