Page 4203 - Week 11 - Thursday, 17 Sept 2009
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The energy side of Actew’s investments also provides a number of priority activities, including the work around establishing a second major supply point for electricity into the territory and work assisting government in developing an environment that supports the use of alternative power sources to address greenhouse gas abatement policies. Actew will also continue to support telecommunications services in the territory through its investment in TransACT.
During 2008-09, ACTTAB successfully managed a number of significant business challenges, including retaining access to the Tabcorp race betting pool, at least until 2012, and forming part of the new combined sports betting pool with Tote Tasmania, Racing and Wagering Western Australia and Centrebet International Ltd.
The ACTTAB board has developed six business and corporate strategies to address the risk to the operating result. These strategies are as follows:
• to deliver a diverse suite of products through implementing a new integrated betting system, new joint venture sports betting arrangements, and building on synergies with potential partners to expand the product range and market share of ACTTAB’s services;
• to strengthen and maintain relationships with key stakeholders through securing long term its pooling arrangements, enhanced communications and servicing to the retail distribution network, and enhancing brand awareness and loyalty;
• to ensure the capability of ACTTAB’s people through a revised corporate structure, enhanced organisational capacity and succession planning, and a greater technical capacity to support existing products and service delivery mechanisms, as well as adopt emerging channels;
• to enhance ACTTAB’s profile through promotion of its role and longevity of success and corporate citizenship;
• to maintain an accessible distribution network through enhanced efficacy and cost efficiency of delivery channels and improved venue image and presentation; and
• to minimise harm attributable to problem gambling through the responsible delivery of products to customers.
As the smallest TAB in the country, ACTTAB continues to face a number of risks in its current operating environment and based on current projections is expected to experience declining profitability. To this end, the government will continue to closely monitor ACTTAB’s financial and businesss outlook during 2009-10 and seek regular advice from the board, consistent with appropriate governance and oversight arrangements.
I commend the statements of corporate intent to the Assembly.
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