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Legislative Assembly for the ACT: 2003 Week 6 Hansard (19 June) . . Page.. 2184 ..

originally granted in 1956 subject to terms where they own all improvements on the land including timber treatment. The remaining lessees in this group have applied for the 99 year option..

Woden bus interchange

(Question No 657)

Mr Smyth

asked the Minister for Urban Services, upon notice:

In relation to the relocation of Woden bus interchange:

Can the Minister advise if this project has been completed, if not, why not and when will it be completed, if so, what will occur with the outstanding authorisation of $47,000 for this project.

Mr Corbell

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

Plans for the Woden Bus Interchange are not yet finalised. The Draft Woden Town Centre Master Plan includes 6 possible options for future bus operations in Woden and these options are being publicly debated as part of the draft master plan consultation. This process is expected to continue through to August 2003.

Once support for a particular proposal has been established with major stakeholders the outstanding authorisation of $47,000 will be invested in more detailed development of the preferred solution.

Superannuation

(Question No 658)

Mr Smyth

asked the Treasurer, upon notice:

In relation to superannuation:

(1) What are the reasons for including rises and falls in the value of the Territory's superannuation liability in an unrealised reserve and amortising them.

(2) What effect does this treatment of the superannuation liability have on the annual budget result.

(3) What are the accounting standards on which this policy is based.

(4) Is it expected that accounting standards relating to the treatment of superannuation will be changed over the next (say) five years. If so, in what way.

(5) What would be the effect on the GGS operating result of amortising the reserve over (say) a three year rolling average instead of 12 months.

Mr Quinlan

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

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