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Legislative Assembly for the ACT: 1999 Week 1 Hansard (8 December) . . Page.. 3986 ..

V8 Supercar Race

MR OSBORNE: I am now a bit confused about where the Labor Party sit on Bruce Stadium.

Mr Stanhope: Why did you censure her then, Ossie?

MR OSBORNE: It has nothing to do with the censure motion. I thought the whole issue was about the fact that we needed to have the money approved by the Assembly. We did that, but now - - -

Mr Quinlan: I raise a point of order, Mr Speaker.

MR SPEAKER: Mr Osborne, ask your question.

Mr Stanhope: Why did you vote for the censure motion?

MR SPEAKER: Order! This is question time, not a general debate.

Mr Stanhope: Why did you vote for the censure motion?

MR SPEAKER: Be quite, Mr Stanhope. I would hate to have to caution you as Leader of the Opposition.

MR OSBORNE: It has become increasingly clear that the Labor Party's memory on process does not even extend back to last week.

MR SPEAKER: Mr Osborne, I will ask you to resume your seat very shortly if you do not ask your question.

MR OSBORNE: This is the new Labor Party! My question is to the Chief Minister. Yesterday I asked about a reported figure from Canberra Tourism for the V8 supercar race for the first year. I think the figure was $13m - $7m from government, $6m from sponsorship, ticket sales and other revenue raising. I then asked whether those figures were correct and whether the $6m was underwritten by the ACT taxpayer. Your response was less than clear. I am seeking to clarify your understanding of the event's financial arrangements. The papers you tabled yesterday showed the event's operating statement for the next five years. The figures for the first year of operation show a government payment of $2.5m and a start-up capital injection of $4.5m, making up the first year total of $7m, which has already been appropriated. The revenue total for corporate hospitality sponsorship, general admission ticket sales and licensing comes to $5m, making up a total of $12m. The question remains where the $13m figure comes from. Is this amount underwritten by the taxpayer? I am glad I am asking you and not the Labor Party.

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