MS CARNELL (continuing):

2) If the reconciliation statement has been provided, will the Chief Minister release it, as she released an interim reconciliation response to a resolution of this Assembly. And if the statement has not been provided, why not?

3) And what steps is the government taking to ensure its joint venture partner, International Touring Company, meets its obligations?

4) Can the Chief Minister say if the Territory has calculated its expenses on the venture and if so what were they and has the Territory recovered them from the insurance company?

Ms Carnell -The answer to the member's question is as follows:

1) Can the Chief Minister say if this statement has been provided to the government or is still outstanding?

The International Touring Company has recently prepared and provided a final reconciliation statement to Bruce Operations Pty Ltd (BOPL). This statement is currently being reviewed by an independent auditor and the expenses verified against records and documentation held by the International Touring Company and further information is being sought in respect of some items.

Legal advice is also being sought in relation to the statement to ensure that all disbursements are in accordance with the contract.

2) If the reconciliation statement has been provided, will the Chief Minister release it, as she released an interim reconciliation response to a resolution of this Assembly. And if the statement has not been provided, why not?

Yes, the final reconciliation will be released when the review is completed and final disbursements have been calculated and agreed.

3) And what steps is the government taking to ensure its joint venture partner, International Touring Company, meets its obligations?

As noted above, BOPL has secured legal advice and an independent audit in order to ensure its interests are protected.

4) Can the Chief Minister say if the Territory has calculated its expenses on the venture and if so what were they and has the Territory recovered them from the insurance company?

BOPL has incurred $93,602.84 in costs which are attributable to the concert. These have yet to be recovered as the final settlement has yet to occur. Pending the final disbursement the Territory's exposure therefore is the original contribution of $109,500 plus those expenses incurred by BOPL.

BOPL has yet to receive any proceeds of insurance monies.

Mr Speaker presented the following papers:

Legislative Assembly (Broadcasting of Proceedings) Act, pursuant to section 8-

Authority to broadcast proceedings concerning:

Notice of motion of want of confidence on Tuesday, 10 October 2000, in relation to the Chief Minister, dated 10 October 2000.

Election of the Chief Minister on 18 October 2000, dated 17 October 2000.

Public hearings of:

Standing Committee on Justice and Community Safety on Thursday, 5 October 2000 in relation to its inquiry into the Freedom of Information Bill (1998), dated 4 October 2000.