Page 1437 - Week 05 - Wednesday, 10 April 2013
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MS GALLAGHER: As I have said, it is not the government’s report. The board of ACTEW has commissioned a review that is being conducted by PwC’s Sydney office. My understanding is that that review—I have not seen anything in writing—will be complete in May.
MADAM SPEAKER: Mr Seselja, a supplementary question.
MR SESELJA: Have there been other special general meetings of ACTEW during your time as a shareholder? If so, what topics were on the agenda and what was the outcome?
MS GALLAGHER: I would have to take that on notice. We had a meeting recently where we changed the constitution to allow another person to be appointed to the ACTEW board. I believe that was a special general meeting, but I will take some further advice, Mr Seselja, from my time as a shareholder.
MADAM SPEAKER: A supplementary question, Mr Seselja.
MR SESELJA: Minister, why is the formality of a special general meeting necessary when you claim you meet regularly with board members on a less formal basis to receive other updates?
MS GALLAGHER: The shareholders meet primarily with the chair of the board and with the managing director. We also receive updates from the managing director on the outcomes of board meetings that are held. We also receive the agenda for those meetings. But it is not standard practice to meet with the board. We do that through the annual general meeting. This is the opportunity for the shareholders to meet with the board as the board and members on the board sit as members of the remuneration committee.
Cotter Dam—cost
MR WALL: My question is to the Chief Minister. Chief Minister, on 4 June 2012, on the Open Government website, a number of documents were published under the subject of “Cotter Dam Extension”. Those documents outline, amongst other things, the development of cracks in the wall of the new Cotter Dam which could seriously compromise the integrity of the wall. Yesterday, in the Assembly, Mr Barr tabled a paper prepared in his and your name entitled “ACTEW voting shareholder information—statement on the enlarged Cotter Dam”. The paper indicated a possible cost increase and delivery delay. Chief Minister, why did the shareholders’ information statement fail to mention the development of these cracks in the wall?
MS GALLAGHER: There are two reasons. The issue that we had to update the Assembly on was as a result of a resolution of the previous Assembly, which resolved that shareholders, if they are advised of a change to the budget on the enlarged Cotter Dam or the date of completion, should advise the Assembly within a certain period of time. So we were following that resolution. I do not believe it is a continuing resolution, but because of the interest of the Assembly in matters around the enlarged Cotter Dam, we provided that information.
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