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Legislative Assembly for the ACT: 2000 Week 5 Hansard (10 May) . . Page.. 1349 ..

MS CARNELL (continuing):

(Extension of time granted.) That is the reason, as I understand it, that the International Touring Co is not willing for the insurance policy to be tabled. It is not a contract that we have signed. It is an insurance policy between them, as required in our contract with them, and the insurance company.

Mr Stanhope: And us. We are parties to it.

MS CARNELL: Mr Speaker, I make the point again: there is no BOPL signature on that-

Mr Stanhope: No, but they are a party-

MR SPEAKER: Order, please! Order, Mr Stanhope!

Mr Stanhope: Well, the Chief Minister is just wrong.

MR SPEAKER: This is not a court of law. We are having a debate, I hope.

MS CARNELL: I can guarantee to the Assembly that BOPL is not a signatory to this policy. This is made clear in the contract that has been released. As I said, I have now released the budget with everything in it, apart from individual performer's and contractor's requirements.

Again I say: Bruce Operations Pty Ltd did not take out the insurance policy, nor were they required to. It was taken out by the International Touring Co and covered the entire tour in Australia. It is not specific to-

Mr Stanhope: But BOPL is a party-

MS CARNELL: Mr Speaker, could you please-

MR SPEAKER: Yes. Would you just be quiet, Mr Stanhope.

Mr Stanhope: Well, admit that BOPL is a party to the-

MR SPEAKER: I will not allow interjections.

MS CARNELL: It is not specific to any venue and includes specific details on performers, et cetera. The policy and subsequent claim, therefore, is a matter for the International Touring Co and is between them and the insurer, as you would expect because the contract is between them and the insurer. However, I can say that the policy type covered the following: abandonment, postponement, rescheduling, and cancelling. Again, that is not new information that is in the contract, but it was sighted and it is there. The policy, as a consequence, covered the expenses of the tour and loss of profit. Again, the requirement of the International Touring Co to do those things is in the contract.

The assessor has commenced his review of the claim and is liaising with some of the underwriters who are based in London, if that gives anyone any clues as to whom it might be. At this stage it is not known how long the process for the claim will take.

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