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Legislative Assembly for the ACT: 1996 Week 14 Hansard (11 December) . . Page.. 4666 ..

MR DE DOMENICO: You said 63. You quoted:

With the current level of surplus naturally - - -

Mr Moore: No; 62.

MR DE DOMENICO: No. You said 63, Mr Moore, with respect - unless you have an earlier copy of the actuary's report. You quoted:

With the current level of surplus naturally such an increase in accruing costs would not impact on employers for a number of years -

and that is where you stopped.

Mr Moore: That is what I read. That is the end of the paragraph.

MR DE DOMENICO: No, it is not. So, you have a different report. You are quoting from a different report. That is the problem. There are people in this house who have said, "I have a copy of the report which the Government does not have".

Mr Berry: Read on.

MR DE DOMENICO: I will read on. It says:

... provided the increase applied only to future service, however policy issues of importance would include the potential for a flow on of higher benefits to other ACT employees and the implications of a discontinuity in benefit levels across the NSW boundary.

So, what the actuary is saying is that, all things being equal, it is going to take a number of years for a cost impact; but you have to take into account the flow-on effects to other industries and you have to take into account as well the fact that New South Wales may do something different.

Mr Berry: No flow-on effects.

MR DE DOMENICO: Once again, Mr Berry interjects. Mr Berry, a day ago, professed in this place to be a queen's counsel who could offer better advice than Professor Whalan. Today, on the back of an envelope, he professes to be an actuary. I, for one, and this Government are not prepared to accept Mr Berry's actuarial qualifications, as we are not prepared to accept his legal qualifications, because we know what Mr Berry's legal and actuarial qualifications led to when he tried to tell this Assembly that he was right the last time. That is point No. 1. Mr Moore, it may not change your mind, but I think you should have quoted the full text of that paragraph.

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