❓ Hon Anthony Spagnolo questions the financial viability of Supercars and Racing Australia Consolidated Enterprises, and the finalisation of the Supercars event agreement, given the reported operating loss and its role in the Perth Park business case. The government's response avoids directly addressing the financial viability assessments or the finalisation of the agreement, instead broadly stating the economic benefits of various events at Perth Park.
AnsweredQoN 508Legislative Council
QuestionView source ↗
Perth Park
508. Hon Anthony Spagnolo to the parliamentary
secretary representing the Minister for Sport and Recreation:
I refer to the
business case for the Perth Park racetrack, which identifies an ongoing
Supercars event as a key driver of the project's long-term economic benefits. I
further refer to reporting that Racing Australia Consolidated Enterprises, the
owner of Supercars, recorded a $19.9 million operating loss in 2024.
(1) Has the government undertaken any
assessment of the financial viability of Racing Australia Consolidated
Enterprises or Supercars?
(2) If yes to (1), will that assessment
be tabled?
(3) Did the government seek audited
financial statements from Supercars or Racing Australia Consolidated
Enterprises before committing funding to Perth Park?
(4) Has the agreement for the annual
Supercars event on which the business case relies been finalised?
508. Hon Anthony Spagnolo to the parliamentary
secretary representing the Minister for Sport and Recreation:
I refer to the
business case for the Perth Park racetrack, which identifies an ongoing
Supercars event as a key driver of the project's long-term economic benefits. I
further refer to reporting that Racing Australia Consolidated Enterprises, the
owner of Supercars, recorded a $19.9 million operating loss in 2024.
(1) Has the government undertaken any
assessment of the financial viability of Racing Australia Consolidated
Enterprises or Supercars?
(2) If yes to (1), will that assessment
be tabled?
(3) Did the government seek audited
financial statements from Supercars or Racing Australia Consolidated
Enterprises before committing funding to Perth Park?
(4) Has the agreement for the annual
Supercars event on which the business case relies been finalised?
AnswerView source ↗
I thank the
honourable member for some notice of the question. I provide the following
answer on behalf of the Minister for Sport and Recreation. This answer was
correct as at Wednesday 6 May.
(1)–(4) The business case undertaken by ACIL
Allen highlighted the significant economic benefits that will be derived from
several commercial and community events at Perth Park. The motorsport event is
one annual event that will deliver tourism benefits through visitation and
increased economic activity in addition to other regular events at Perth Park,
including mass participation events, music and arts events.
Point of order
Hon Dr Brad Pettitt: I seek your advice, President.
Earlier, a question was asked and an answer was not given. I assume the
minister did not like the way that the question was asked. I was hoping to hear
your advice about whether that is a valid reason for not answering a question,
given an answer was available.
The President: There is no option for seeking advice.
The Leader of the House indicated that he did not have an answer. I moved on to
the next person who sought the call. There is no point of order.
Withdrawal of remark
Hon Sophie McNeill: Could I please ask the
Leader of the House to withdraw his comment about "the
attitude" after I asked my question, which was asked in a normal way? I
have a lot of attitude all the time. I think it was disrespectful for him to
say "the attitude" after I asked my question and then for him to
refuse to provide an answer.
The President: Thank you, honourable member, you have
made your point. I am going to seek some advice on that, but I cannot think of
a point of order for which you are trying to raise this matter. For future
interest, if you wish to raise a point of order about those matters, you raise
that point of order at the time.
honourable member for some notice of the question. I provide the following
answer on behalf of the Minister for Sport and Recreation. This answer was
correct as at Wednesday 6 May.
(1)–(4) The business case undertaken by ACIL
Allen highlighted the significant economic benefits that will be derived from
several commercial and community events at Perth Park. The motorsport event is
one annual event that will deliver tourism benefits through visitation and
increased economic activity in addition to other regular events at Perth Park,
including mass participation events, music and arts events.
Point of order
Hon Dr Brad Pettitt: I seek your advice, President.
Earlier, a question was asked and an answer was not given. I assume the
minister did not like the way that the question was asked. I was hoping to hear
your advice about whether that is a valid reason for not answering a question,
given an answer was available.
The President: There is no option for seeking advice.
The Leader of the House indicated that he did not have an answer. I moved on to
the next person who sought the call. There is no point of order.
Withdrawal of remark
Hon Sophie McNeill: Could I please ask the
Leader of the House to withdraw his comment about "the
attitude" after I asked my question, which was asked in a normal way? I
have a lot of attitude all the time. I think it was disrespectful for him to
say "the attitude" after I asked my question and then for him to
refuse to provide an answer.
The President: Thank you, honourable member, you have
made your point. I am going to seek some advice on that, but I cannot think of
a point of order for which you are trying to raise this matter. For future
interest, if you wish to raise a point of order about those matters, you raise
that point of order at the time.
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