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Legislative Assembly for the ACT: 2000 Week 3 Hansard (9 March) . . Page.. 788 ..

(from BRUV11.xls)

32,000 16.49% $1.29

48,000 19.62% $1.56

64,000 22.52% $1.83

80,000 25.22% $2.09

96,000 27.73% $2.35

112,000 30.08% $2.61

128,000 32.27% $2.86

144,000 34.33% $3.12

160,000 36.26% $3.63

176,000 38.09% $3.61

192,000 39.81% $3.85

Note 1: This illustration results from the interrelationship of assumptions regarding various levels of ACTRU sales compared with the assumed sales levels of other Major Hirers in the version of the Business Plan financial model styled BRUV11.xls. Shifts in percentage shares between Major Hirers will occur in line with actual results from year to year.

Note 2: Figures based on 32 Events as described in the table below.

Rugby League - Minor Finals 1

Rugby League - Raiders Games 11

Rugby Union - Super 12's 8

Soccer International's - Minor 1

Soccer - Cosmos Matches 10

Entertainment Event 1

Reconciliation of revenue will be done after the last game of the season. The assumptions upon which the Business Plan is based have been independently reviewed by Arthur Andersen and separately by IMG. Subject to their confirmation of the major assumptions of the Business Plan, the Territory will guarantee that, during the years 1999 to 2003, that if ACTRU achieve their sales targets as illustrated above, ACTRU will receive the revenue from the Stadium operations predicted by the Business Plan in respect of the annual aggregate public paid attendance for that year, less annual aggregate match day on-costs and expenses payable under the Hiring Agreement.

If Arthur Andersen and/or IMG do not support the Business Plan, both parties reserve the right to review and renegotiate this agreement.

In the event that this guarantee involves the Territory in the provision of a subsidy to ACTRU in any year, the Territory will have 'claw back' rights to recover the subsidy from future distributions to ACTRU in any subsequent year during the Hiring Agreement.

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