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Legislative Assembly for the ACT: 1997 Week 11 Hansard (5 November) . . Page.. 3652 ..

MRS CARNELL (continuing):

Four of the five recommendations made by the committee are readily supported by the Government. The fifth recommendation, relating to giving greater emphasis to the potential benefits of public ownership, was an issue that did not receive unanimous support within the committee. The Government's financial management reforms are based on getting the best value from the Territory's resources. This is particularly so in terms of achieving the most effective and efficient use of the Territory's assets.

The strategy was not biased towards either private or public ownership of assets used to deliver services to the community. Rather, it was based on ownership decisions being considered on the individual merits of each case. Effective asset management relies on assessment of all options and alternatives. The example of Jindalee Nursing Home and the demonstrable benefits to residents in transferring it to the private sector confirms this approach. The value in the strategy has to be in maintaining an open approach to each of these asset management decisions.

It is pleasing that the committee recognised the potential the strategy has to be at the forefront of asset management in Australia. The Government believes that the strategy will be a vital tool in improving the effectiveness of Territory-owned assets. The strategy has clear implementation targets and timings. These targets will be reported on to the Assembly and in the budget documentation. I would like to thank the committee for its report and its attention to this, I think, very important matter. I believe that the quality of the strategy indicates once again the high standards of our Public Service. The strategy has been incorporated into work being undertaken in other jurisdictions. Again, the ACT is leading other States.

Question resolved in the affirmative.

MRS CARNELL (Chief Minister and Treasurer): For the information of members and pursuant to subsection 9(1) of the Territory Owned Corporations Act 1990, I present, in relation to CanDeliver Ltd, a statement setting out the names of the shareholders, a description of the principal activities of CanDeliver and a copy of its memorandum and articles of association. I ask for leave to make a short statement.

Leave granted.

MRS CARNELL: CanDeliver was incorporated under company law and the Territory Owned Corporations Act 1990 and was registered with the Australian Securities Commission on 23 September 1997. Under the Territory Owned Corporations Act 1990 the portfolio Minister must, within 15 days of incorporation, lay before the Legislative Assembly a statement setting out the names of the shareholders, a description of the principal activities to be carried out by the company, and a copy of the memorandum and articles of association of the company. Therefore, I now table these documents for CanDeliver Ltd as a formal notification to the Assembly.

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