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Legislative Assembly for the ACT: 1996 Week 8 Hansard (27 June) . . Page.. 2472 ..

LEGISLATIVE ASSEMBLY QUESTION

MR WHITECROSS - asked the Chief Minister upon notice on 20 June 1996:

In relation to the sale of the ACT Fleet:

(1) How many passenger and light commercial vehicles are in the ACT Fleet?

(2) What is the composition of the Fleet ie. model, make and year of manufacture?

(3) How many passenger and light commercial vehicles will be financed and leased back by the private sector?

(4) Is the Government proposing to engage in (a) a finance lease; or (b) an operating lease?

(5) Has (a) competitive tendering occurred; and (b) what organisation is the Government's preferred lessor?

(6) What is the current written down value of the ACT Fleet?

(7) What will (a) be the actual price received for the ACT Fleet; and (b) how does the actual sale price compare to the estimate on which the 1995-96 budget costings were based?

(8) What will be the cost of leasing back the fleet from the private sector?

MRS CARNELL - the answer to the Member's question is as follows:

(1) As at 28 June 1996, there were 1303 passenger and light commercial vehicles.

(2) A list of vehicles showing make, model, registration and date of manufacture is attached.

(3) All passenger and light commercial vehicles will be financed and leased back to the ACT by the private sector.

(4) The Government has engaged in an operating lease.

(5)(a) The Government sought competitive tenders for the sale and lease back of passenger and light commercial vehicles; and

(b) the contract for the lease of vehicles was awarded to Macquarie Bank Limited.

(6) The written down value of passenger and light commercial vehicles as at 28 June 1996 was estimated at $27.4m.

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