A WA parliamentary question regarding the ownership structure of One Movement Pty Ltd and whether Tourism WA approved Sunset Events owning less than 51% of the company, despite a prior agreement. The Minister confirms no approval was given, as the original agreement was superseded.

AnsweredQoN 5335Legislative Assembly
Asked
17 May 2011
Portfolio
Tourism

QuestionView source ↗

In relation to the One Movement Pty Ltd Financial Report for the Year ended 31 December 2010, I ask:
(a) does the document on page three state that there are three shareholders (including Chitty Pty Ltd but not including Sunset Events Pty Ltd) with one share each in One Movement;
(b) does the Eventscorp statement of conditions listed in their letter of 9 September 2008 to Sunset Events regarding One Movement state at (d) that there is to be a guarantee that Sunset Events will retain a minimum shareholding in the entity formed to hold the intellectual property in the Event and to own and operate the Event and will not own less than 51 per cent without Tourism Western Australia’s prior consent;
(c) has Tourism Western Australia given its approval for Sunset Events to own less than 51 per cent; and
(i) if not, why not; and
(d) has the Minister’s officers or agencies provided any advice on who actually owns One Movement and will he table that advice; and
(i) if not, why not?

AnswerView source ↗

Answered
21 June 2011
Responded by
Minister for Tourism
Response time
35 days
(a - b) Yes.
(c) No.
(i) There has been no reason to do so as the information contained in the letter dated 9 September 2008 has been superseded by the Sponsorship Agreement between One Movement Pty Ltd and Tourism Western Australia dated 10 March 2009.
(d) I have been advised by Tourism Western Australia that the owners of One Movement Pty Ltd are Mr Andrew Chernov, Mr David Chitty and Mr James Legge. One Movement Pty Ltd (ABN: 49 133 518 760) is an incorporated company specifically set up by Sunset Events, the original event proponent, [Chitty Pty Ltd (ACN: 102 589 873), Chernov Pty Ltd (ACN: 102 589 855) and Legge Pty Ltd (ACN: 107 740 018)] to own and operate the One Movement for Music Festival.
(i) Not applicable.
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