Page 703 - Week 03 - Tuesday, 12 April 1994
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(a) The parties mutually desired to establish a continuing collaborative
arrangement upon the terms and conditions contained in the contract with
the objectives of:
(i) broadening the range of computer based courses offered by the
Institute; and
(ii) providing opportunities for reciprocal access to the respective
facilities and resources of Wang and the Institute.
(b) The Director of the joint venture was the person occupying or performing
the duties of the office of Director of the Institute appointed under the
Canberra Institute of Technology Act 1987 (ie for this period, Mr N W Fisher).
(2) (a) The Director of the Canberra Institute of Technology represented the ACT.
(b) Nil.
(3) Not that the Institute is aware of.
(4) There were no directorships and no ACT Government representative received any remuneration or any benefits directly or indirectly.
(5) A copy of the Wang joint venture can be provided by the Canberra Institute of Technology.
(6) Yes. The agreement provided for the profit to be disbursed equally between the partners, the then ACT Institute of TAFE and Wang. However it was agreed by the partners to reinvest the profits back into the two laboratories to upgrade equipment and purchase software. Over the three year life of the agreement, the profits so reinvested were in excess of $32,420, eg $28000 was spent to upgrade the two computer laboratories to Novell Local Area Network and approximately $17,000 to upgrade the Random Access Memory on 22 work stations.
(7) The aim of the joint venture was:
• to provide the ACT Institute of TAFE with two computer laboratories which the Institute, at the time, would not have been able to provide. This provided a complete laboratory dedicated to public access classes and approximately 50% of another laboratory for public access classes;
• to provide Wang clients with professional training on a commercial cost basis.
Accordingly, there were no projections in quantifiable terms. Total profit for the joint venture was approximately $32,420 from the total income of $73,160.
(8) There would have been a cost of $170,000 - $200,000 to establish comparable laboratories, against the figure of $85,000 in the joint venture.
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