❓ Hon. Alison Xamon seeks clarification on the types of 'material transactions with related parties' that WAGRA is not required to disclose in its annual report. The Minister's response outlines the conditions under which such transactions must be declared.
AnsweredQoN 3377Legislative Council
QuestionView source ↗
I refer to the Western Australian Greyhound Racing Association (WAGRA) Annual Report, page 55, point 37, and I ask, can the Minister please give hypothetical examples of "Material transactions with related parties" that are not required to be disclosed?
AnswerView source ↗
Answered
26 November 2020
Responded by
Minister for Regional Development representing the Minister for Racing and Gaming
Response time
10 days
Business transactions, by which there is the exchange of good and services through a market (i.e. arm’s length), between related parties and the public sector entity could be quantitatively material, and therefore required to be declared when they are above $50 000.
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