Page 3373 - Week 11 - Tuesday, 12 October 1993
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MINISTER FOR URBAN SERVICES
LEGISLATIVE ASSEMBLY QUESTION
QUESTION NO. 975
ACTION - Ticket Sales and Debts
Mrs Carnell - :asked the Minister for Urban Services - In relation to the last two financial years
(1) What was (a) the total value of pre-sold tickets sold through agencies; (b) the total value of pre-sold tickets sold through ACTION; (c) the average value of outstanding revenues from agencies; (d) the total value and number of bad debts, compared with the provision for doubtful debts; and (e) the total value and number of debts written off. -
(2) What debt recovery procedures are followed to minimise and recover debts outstanding..
(3) In cases of bankruptcy and liquidation (a) have appropriate proofs
of debts been lodged; and (b) what was the percentage dividend
received:
Mr Connolly - the answer to the Members question is as follows:
(1) (a) $7,413,227.38 in 1991192; $7;933,912_11 in 1992193_
(b) $3,548,221.78 in 1991I92;$3,987,330.42 in 1992193 .
(c) The value of tickets on consignment to agents at mid-September 1993 was $1,494;628:90. This amount does riot become outstanding however until ail the tickets are sold:
(d) Provision made for doubtful .debts were: four for 1991192, value. $81,059.46;
ten for 1992-93, value $88,626.67.
(e) The total value and number of debts written off were: one for
1991192, value $65,904.93; one for $16,118.61.
(2) Monitoring of agents account balances, auditing of ticket stock levels held by them, cessation of further supply -of tickets if payments are not maintained as per agents contracts and legal proceedings by the ACT Government Solicitor where payment is not forthcoming.
(3) (a) Yes.
(b) No moneys recovered to date.
3373
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