Page 4952 - Week 11 - Thursday, 21 October 2010

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Mr Stanhope: The answer to the member’s question is as follows:

The Department of Land and Property Services had two outstanding loans at 30 June 2010 for the balance of the Magistrates Court ($5,661,746) and the Dame Pattie Menzies building ($4,183,352) totalling $9,845,098.

The above loans were entered into on 24 April 1997.

The current interest rate is approximately 7.72% and the maturity date of the loans is 24 October 2010.

The Department of Land and Property Services makes quarterly loan payments to the Territory Banking Account which is responsible for the Territory’s financing arrangements.

Finance—departmental loans
(Question No 1113)

Mr Seselja asked the Minister for the Arts and Heritage, upon notice, on 26 August 2010 (redirected to the Acting Minister for the Arts and Heritage):

(1) In relation to each department or agency within the Ministers portfolio area, what loans were outstanding as at 30 June 2010.

(2) When was each loan entered into.

(3) What is the interest rate and maturity date of each loan.

(4) Who has provided each loan, and how was each loan acquired.

Ms Gallagher: The answer to the member’s question is as follows:

There were no outstanding loans as at 30 June 2010, or during the 2009-10 year, for the Chief Minister’s Department, Heritage within the Department of Territory and Municipal Services or the Cultural Facilities Corporation.

Finance—departmental loans
(Question No 1114)

Mr Seselja asked the Treasurer, upon notice, on 26 August 2010: