Page 2858 - Week 10 - Tuesday, 13 August 2013
MR BARR: That will vary from year to year, obviously, depending upon prevailing circumstances in the markets, but I think if you look at the long-run performance of the superannuation provision account you will see that the targets the government sets for its performance are readily achieved and achieved in a manner that does not involve undue risk.
MADAM SPEAKER: Supplementary question, Mr Smyth.
MR SMYTH: Minister, what confidence can the community have that this prediction is achievable, given that other superannuation funds are achieving long-run nominal rates of return between four per cent and six per cent?
MR BARR: The long-run performance of the ACT fund would indicate that this is a reasonable policy setting.
MADAM SPEAKER: A supplementary question, Mr Doszpot.
MR DOSZPOT: Treasurer, is it not true that you are using unrealistic projections of returns merely to hide the true state of the budget deficit?
MR BARR: No.
MADAM SPEAKER: Supplementary question, Mr Doszpot.
MR DOSZPOT: Treasurer, what contingency plans do you have in place if you do not achieve these unrealistic rates of return, and will you table those contingencies? If not, why not?
MR BARR: The government deliberates over each budget and its expenditure and revenue projections through the budget cycle each year and I will not be revealing the government’s deliberations; they are cabinet in confidence. The outcomes of those deliberations are made publicly available for the member through the budget papers each year.
MS PORTER: My question is to the Minister for Economic Development. Minister, can you outline the government’s new policy to assist local businesses tendering for government contracts?
MR BARR: I thank Ms Porter for the question. On 1 July this year a new policy was introduced to help small and medium-size businesses from Canberra and from the capital region when they are tendering for goods and services to the ACT government. The government is committed to helping local businesses and to assisting them in their growth to create jobs in our economy, and this policy certainly provides them with assistance when tendering for ACT government work. The policy introduces a new evaluation criterion for all goods and services tenders that puts a positive