❓ Question regarding the financial liability of the state government due to the early termination of a contract with Allia Venue Management at NIB Stadium, specifically concerning a payout under a heads of agreement. The Minister acknowledges a residual value but declines to disclose the amount without further advice.
AnsweredQoN 202Legislative Assembly
QuestionView source ↗
NIB STADIUM — ALLIA VENUE MANAGEMENT
202. Ms R. SAFFIOTI to the
Minister for Sport and Recreation:
I have a supplementary question. Can the minister confirm
that the state is liable for a payout of millions of dollars as a result of
this early termination under the heads of agreement signed by this government
and involving the head of the Department of the Premier and Cabinet?
202. Ms R. SAFFIOTI to the
Minister for Sport and Recreation:
I have a supplementary question. Can the minister confirm
that the state is liable for a payout of millions of dollars as a result of
this early termination under the heads of agreement signed by this government
and involving the head of the Department of the Premier and Cabinet?
AnswerView source ↗
Yes, there is a residual value in
the balance of the contract under the heads of agreement, but I cannot tell the
member what that amount is.
Ms
R. Saffioti : How much is it?
Mr
T.K. WALDRON : I need to get appropriate advice before I put any commercial
details on the record. I will get that advice. The development of the nib
Stadium has been a fantastic success. With Allia pulling out, it gives the
state the opportunity to be involved, which will be of great benefit to the
state.
the balance of the contract under the heads of agreement, but I cannot tell the
member what that amount is.
Ms
R. Saffioti : How much is it?
Mr
T.K. WALDRON : I need to get appropriate advice before I put any commercial
details on the record. I will get that advice. The development of the nib
Stadium has been a fantastic success. With Allia pulling out, it gives the
state the opportunity to be involved, which will be of great benefit to the
state.
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