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Legislative Assembly for the ACT: 1997 Week 11 Hansard (6 November) . . Page.. 3822 ..

MS HORODNY (continuing):

7. Is it true that the ACT Motorsport Council auditor was prepared to issue only a qualified statement on the Council's financial affairs for the 1995/96 financial year in its return to the Registrar-General, and if so are you aware of the reasons for this.

8. Can the Minister be confident that Government funds flowing to the ACT Motorsport Council have been properly spent and accounted for.

MR STEFANIAK - The answer to Member's question is as follows:

1. The ACT Motorsport Council Incorporated (the association) was incorporated under the Associations Incorporation Act 1953 on 5 September 1991. The association, being incorporated, is now incorporated under the Associations Incorporation Act 1991 (the Act).

2. All annual returns required to be lodged by the association under the Act have been lodged with the Registrar-General's office and, in accordance with the intention of the Act, have been placed on the public record for public scrutiny.

3. Since February 1995 grants from the Sport and Recreation Development Grant Program have been paid to the ACT Motorsport Council Inc.

a) The grants were provided for the development of motor sport in the ACT.

b) 1995 Operational Assistance - $10,000

1996 Operational Assistance - $10,500

1996 Capital and Equipment- $10,000

1997 Operational Assistance - $10,500

1997 Capital and Equipment - $4,000

c) The purpose of the grants were for operational assistance and capital and equipment activities.

d) The Sport and Recreation Development Grant Program Grant Conditions and Guidelines applied to all grants received by the ACT Motorsport Council. Under the ACT Motorsport Council's Triennial Assistance Agreement a special condition of no matching funding applied to the grants for 1996 and 1997 and will also apply for 1998 Operational Assistance.

e) For the grant years 1995, 1996 and 1997 grants to the ACT Motorsport Council represented 0.5%, 1.1% and 0.7% respectively of total grants paid under the Sport and Recreation Development Grant Program.

f) Grants are allocated on a calendar year basis whereas the ACT Motorsport Council's audited statements are on a financial year basis. Based on the audited financial returns since 1994-95 grants paid to the ACT Motorsport Council represent 85% of the council's total expenditure.

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