Page 4506 - Week 14 - Thursday, 1 December 1994
Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . . PDF . . . .
Mrs Carnell: This is simplistic, because obviously I need it to be simplistic. You can adjust the 85 per cent to 90 per cent without this legislation?
MR LAMONT: What, indeed - - -
Mrs Carnell: Yes?
MADAM SPEAKER: Order! Let the Minister answer the questions.
Mr De Domenico: He cannot.
MADAM SPEAKER: Just let him finish. You will find out.
MR LAMONT: Are we ready?
Mrs Carnell: It is a simple answer - yes or no.
Mr De Domenico: Yes or no; can you, without this legislation, adjust the dividend?
MR LAMONT: I am happy to stay all night, Madam Speaker.
Mrs Carnell: Just say yes or no.
MADAM SPEAKER: Order!
MR LAMONT: You are asking about the position that will apply if you do not follow Tabcorp within the pool and you then alter the distribution to each of the clubs. As a result, who pays for the RBF and Government take? That is the question which you would need to ask. Is that correct?
Mr De Domenico: Yes.
MR LAMONT: The ACT Government's take or the TAB's take is affected, if we are to be able to do that. What I have proposed in relation to all of these issues is to allow the TAB, at their request, to remain linked in the pooling arrangement, and to pay the dividend. The effect of that will be an alteration in the dividend on those races. Do not forget, Ms Szuty, because it is almost lost on the Opposition, that what we are talking about is specified events and circumstances. It will not be, as Mr De Domenico has attempted to make out, "Oh, shucks, we are a bit pinched this month. Let us alter the dividend to the clubs".
Mr De Domenico: There is nothing in the legislation that prevents you doing that, Mr Lamont, if you read it carefully.
MR LAMONT: The disallowance process in relation to that is quite clear, either under this legislation or under existing legislation.
Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . . PDF . . . .