❓ A WA parliamentary question scrutinizes the Tourism Minister regarding Eventscorp's sponsorship of One Movement Pty Ltd, focusing on a negative audit report and potential financial instability. The Minister acknowledges awareness and outlines actions taken by Tourism WA.
AnsweredQoN 5323Legislative Assembly
QuestionView source ↗
In relation to the One Movement Pty Ltd Financial Report for the year ended 31 December 2010, I ask:
(a) is the Minister aware that the independent audit contains an adverse opinion that the financial report of the Company is not in accordance with the Corporations Act 2001;
(b) when did the Minister receive this information and what action did the Minister take upon receiving it;
(c) is the Minister aware that the independent audit refers to the negative equity of a person named on the balance sheet and states that this situation indicates the existence of a material uncertainty that may cast significant doubt on the company’s ability to continue as a going concern and therefore the company may be unable to realise its assets and discharge its liabilities in the normal course of events.;
(d) as the Eventscorp sponsorship agreement with One Movement, undersigned by the Western Australian Tourism Commission on 10 March 2009, requires the Event Holder to promptly give written notice to Tourism Western Australia of any notice, advice or other communication received by or on its behalf which may adversely affect the conduct, or the financial viability, of the Event:
(i) what advice has Tourism Western Australia received; and
(ii) will the Minister table that advice; and
(A) if not, why not; and
(iii) what actions did the Minister or Tourism Western Australia take when it received such advice?
(a) is the Minister aware that the independent audit contains an adverse opinion that the financial report of the Company is not in accordance with the Corporations Act 2001;
(b) when did the Minister receive this information and what action did the Minister take upon receiving it;
(c) is the Minister aware that the independent audit refers to the negative equity of a person named on the balance sheet and states that this situation indicates the existence of a material uncertainty that may cast significant doubt on the company’s ability to continue as a going concern and therefore the company may be unable to realise its assets and discharge its liabilities in the normal course of events.;
(d) as the Eventscorp sponsorship agreement with One Movement, undersigned by the Western Australian Tourism Commission on 10 March 2009, requires the Event Holder to promptly give written notice to Tourism Western Australia of any notice, advice or other communication received by or on its behalf which may adversely affect the conduct, or the financial viability, of the Event:
(i) what advice has Tourism Western Australia received; and
(ii) will the Minister table that advice; and
(A) if not, why not; and
(iii) what actions did the Minister or Tourism Western Australia take when it received such advice?
AnswerView source ↗
Answered
21 June 2011
Responded by
Minister for Tourism
Response time
35 days
(a) Yes.
(b) I was made aware on 25 May 2011. Tourism Western Australia received this information on 10 March 2011, and on 25 March 2011 the Board of Tourism Western Australia (which is the Accountable Authority) made a decision to decline funding for the 2011 event.
(c) I am aware of the information contained in the Auditor's "Basis for Adverse Opinion", although it is not clear who the Member is referring to in relation to the '...person named on the balance sheet".
(d)(i) The One Movement Pty Ltd Financial Report for the Year ending 31 December 2010 and accompanying Independent Audit Report were provided to Tourism Western Australia on 25 March 2011.
(ii) I have tabled this report in my response to Legislative Assembly question on notice 5334.
(A)Not applicable.
(iii) See (b)
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(b) I was made aware on 25 May 2011. Tourism Western Australia received this information on 10 March 2011, and on 25 March 2011 the Board of Tourism Western Australia (which is the Accountable Authority) made a decision to decline funding for the 2011 event.
(c) I am aware of the information contained in the Auditor's "Basis for Adverse Opinion", although it is not clear who the Member is referring to in relation to the '...person named on the balance sheet".
(d)(i) The One Movement Pty Ltd Financial Report for the Year ending 31 December 2010 and accompanying Independent Audit Report were provided to Tourism Western Australia on 25 March 2011.
(ii) I have tabled this report in my response to Legislative Assembly question on notice 5334.
(A)Not applicable.
(iii) See (b)
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
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