Page 1395 - Week 05 - Tuesday, 16 April 1991
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specifically been told by the ACT Government that it will no longer receive a subvention for its development and operations.
(2) NATEX.
(3) In April 1986 the then Minister for Territories, the Hon Gordon Scholes, agreed in principle to the use of the subject land by the Trust for the establishment of a trotting training complex, amongst other things. In July 1985 he advised both organisations that there should be reasonable charges attached to any agreement made between NATEX and the Trotting Club.
(4) In the case of moveable assets, the Canberra Harness Racing Club. NATEX
owns assets affixed to land.
(5) The proposed licence agreement is currently the subject of negotiations
between NATEX and the Canberra Harness Racing Club. The current draft
proposes reasonable controls and rights and is consistent with terms of
conditions of the existing licence agreement for use of other facilities at
NATEX.
(6) The basis of the assessment was the annual rental asked for and obtained by the Government for land available for the purpose of storage and some retail (hire/sub-licence of stables). The rental was discounted due to the restrictive conditions of the licence agreement initially proposed. It did not include the value of buildings on the site.
(7) The assessment of rental included a value for retailing (hire/sub-licence of
stables) since this use is proposed.
(8) Yes.
(9) 5Q if and when demanded.
(10) No - there is no "loss of ownership".
(11) In July 1985 both organisations were advised by Minister Scholes "there. was a need to maximise the usage made of the NATEX facilities and that both the Club and NATEX should get together... to look at the sorts of proposals that may attract funding from the Racecourse Development Fund ... that funding for theTrotting Club from the Racecourse Development Fund should be provided for specific proposals integrated with the NATEX complex ...".
(12) Yes.
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