Page 2092 - Week 07 - Wednesday, 6 August 2014
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MR CORBELL: In relation to those matters, it is simply speculative and far too early to pre-empt the outcomes of the investigations. The government, through capital metro, needs to complete those investigations before it can definitively decide what the outcome is in relation to those matters.
ACTTAB Ltd—tax revenue
MR SMYTH: My question is to the Treasurer. Treasurer, it has been reported in the Australian newspaper that the real prize in Tabcorp’s acquisition of ACTTAB is the 50-year licence at zero tax on tote earnings and less than one per cent on the sports bookmaking licence. In NSW the TAB pays 19 per cent and 10 per cent respectively on these earnings and in Victoria the TAB pays 7.5 per cent and 4.5 per cent. Treasurer, why did the government decide to forgo these tax revenues in the sale of ACTTAB?
MR BARR: We did not, Madam Speaker. We have made no changes to our taxation arrangements.
MADAM SPEAKER: A supplementary question, Mr Smyth.
MR SMYTH: Treasurer, how much revenue to the territory is the government forgoing with this deal?
MR BARR: None.
MADAM SPEAKER: A supplementary question, Mr Doszpot.
MR DOSZPOT: Treasurer, was this the result of negotiations with Tabcorp or is this something the government offered to the table as an enticement?
MR BARR: There was a full, open process with selected bidders in relation to the final sale of ACTTAB. That process was undertaken under the strictest probity guidelines. I am not at liberty to comment any further.
MADAM SPEAKER: A supplementary question, Mr Doszpot.
MR DOSZPOT: Treasurer, why is the government giving Tabcorp a 50-year tax-free ride while taxing home owners and contract workers to the additional total of $80 million over the next four years?
MR BARR: We are not.
Parking—fines
MRS JONES: My question is to the Treasurer. Treasurer, parking fine revenue is expected to increase from $9.4 million in 2013-14 to $14.4 million in 2014-15. That is in addition to indexing traffic and parking fines at six per cent in 2014-15 and over the forward estimates, and eight additional parking inspectors and two support staff being employed. Does the government intend to generate parking fine revenue as a result of the introduction of paid parking in the parliamentary triangle?
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