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Legislative Assembly for the ACT: 2000 Week 5 Hansard (10 May) . . Page.. 1408 ..
Omit the following words:
"; and
(iv) the statement of claim and supporting documentation for the insurance claim for the cancelled concert.".
MS CARNELL (Chief Minister): Mr Speaker, could I have leave to speak briefly, again because of some questions asked?
Mr Berry: No. Four ministers have spoken on this.
MS CARNELL: It is just that some questions were asked. An amendment has been moved anyway. I do not even need leave to speak to the amendment.
Leave granted.
MS CARNELL: Thank you very much. I will speak to the amendment. The amendment excludes paragraph (iv), which I am very pleased about. The problem, though, is that paragraph (iv) and paragraph (ii) relate to the same information. It is quite obvious to anybody who looks at the motion that that is the case. The reconciliation statement of revenue and expenses that was put together by BOPL and ITC was the documentation that was put together to go to the insurance company. Why wouldn't it be? It obviously is the statement of claim for the insurance company.
I follow up Mr Kaine's comments about paragraph (i). We released that information earlier today. The budget for the event has been put on the table. Paragraph (iv) and paragraph (ii) relate to the same information: the statement of claim. What else would a statement of claim be but a list of revenue and expenses for the event, plus projected profit? There is nothing more that a statement could be. So I do not think it would be very logical to get rid of paragraph (iv) but leave in paragraph (ii).
Mr Kaine indicated that BOPL was a party to the insurance. They are not. I am informed the policy is a document between the International Touring Co and the insurers. I gave some members some information on how the insurance system works. ITC have a certificate of insurance with an insurance broker. The insurance broker goes to a number of insurance companies to pick up various parts of the agreement between ITC and the insurance broker, and then in the case of a claim there is an insurance assessor. As I indicated before, the insurance assessor is an entity in London. I think it is Lumley's. Anyway, it is one of the major insurance companies in London. I wrote it on the bit of paper I gave someone.
A member: It was Lloyd's.
MS CARNELL
: Thank you. Lloyd's of London are the assessors in this situation. So there is not a single insurance policy, as you would not expect there to be. Mr Kaine, I know that you would be interested in this. There are a number of reasons why ITC do not want information on the relationship they have with the insurance broker released. What information do you think the insurance broker would want from ITC? Obviously it would be information about the business of ITC, the financials related to ITC, and previous claims that ITC has made on insurance. That is what you would want if you
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