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Legislative Assembly for the ACT: 2000 Week 3 Hansard (9 March) . . Page.. 775 ..
I have provided the above in order to clarify the questions that were raised last Tuesday 29 February 2000 in reference to a response I gave to a question Mr Whitecross asked on 24 September 1997.
The Heads of Agreement are non-binding agreements. They set out and establish the principles and parameters on which a final contract will be negotiated. Obviously, in any negotiation the final contracted position will differ from a head of agreement, due to changes in priority and negotiating position.
Description Brumbies Raiders Cosmos
Base Hiring Fee 15% or $8,000 8% or $6,000 15% or
(payable to Stadium) whichever is whichever is $2,500
greater, plus greater, plus whichever is
on-costs on-costs greater, plus
on-costs
Revenue
payable/generated
by the Hirer
First Term Capital Distribution of Distribution of Distribution Revenue pool according pool according of pool
to revenue and to revenue and according to
attendance attendance revenue and
formula formula attendance
formula
Corporate Suites 40% 10% 10%
Naming Rights 20% 10% 10%
Video Replay Board 20% 0 0
rights
Stadium premium 25% 10% 10%
passes
BOPL 'S recurrent Distribution of Distribution of Distribution
receipts pool according pool according of pool
to revenue to revenue according to
and attendance and attendance revenue and
formula formula attendance
formula
Corporate suites 40% 60% 40%
Naming Rights 60% 60% 60%
Video replay board 20% 0 0
Stadium premium 30% 60% 30%
passes
Advertising/signage 50% 50% 0
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