Page 3723 - Week 08 - Friday, 24 August 2012

Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . . PDF . . . . Video

---

Amounts paid to the Brumbies vary in 2008-09 and 2007-08 given the Deed of Variation (24 April 2008) and advance part-payment for the 2007 PFA which resulted in the amount actually paid in 2007-08 being reduced.

(2) The Performance Fee payments provide support to each team in return for playing all their home matches at Canberra Stadium, providing Territory sponsor recognition opportunities and undertaking a range of community activities such as school visits and sport development activity. The obligations of each team in return for performance fee payments are set out in their respective agreements.

(3) The total expected annual payment, excluding GST, to each organisation is detailed in Table 2 (below).

Table 2:

(4) Yes.

In relation to the expected annual payments to the Brumbies in 2011-12 this amount:

- includes $60,000 Triennial funding provided to the ACT and Southern NSW Rugby Union (the Brumbies) through the Sport and Recreation Grants Program (Attachment A).

- does not include the annual loan repayment ($34,000) which is reduced from that paid to the Brumbies as per a Deed of Variation dated 24 April 2009 (Attachment B); and

- includes advance payment of the Brumbies 2012-13 Performance Fee in accordance with their request (Attachment C). This will result in the Brumbies not receiving a performance fee in 2012-13 financial year.

Performance Fee Agreements for the Canberra Raiders and ACT Brumbies are at Attachment D.

(5) Non-cash benefits to the Canberra Raiders and ACT Brumbies are detailed in Table 3 (below).

Table 3:

All operational non-cash benefits are payroll tax waivers under the terms of the Performance Fee Agreement excluding $147,259.13 waived in 2009-10 for land rent and associated accumulated interest owed to the Territory by the Brumbies. This debt arose from the Brumbies purchase of the Canberra South Bowling and Recreation Club (Block 15 Section 42 Griffith).

---

Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . . PDF . . . . Video