15 August 2010

Calvary deal off - this time we mean it

15 August 2010 | housebound

This must be the classic on-again-off-again romance.

The ACT Government has decided it does not need to buy Calvary Hospital now. Apparantly Katy has realised what the community has been telling her all along: that $77 million is a lot of money to buy something you already own.

Accounting standards have now changed, and ACT Government expenditure can now go into a different column in the balance sheet. Therefore there is no need to buy something the government already owns.

The ABC report is online.

I can’t find any ministerial press release, though.

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troll-sniffer11:44 am 16 Aug 10

the funniest thing is the Little Company of Mary having a whinge! They pu the kybosh on the deal by demanding the hospice as a trade, now they’ve reaped what they sowed, to use a term they might understand.

bd843:45 pm 15 Aug 10

Someone should point out to Katy that complying with an optional accounting standard interpretation does not give the Government any legal ownership rights over the hospital, just an argument that they could possibly recognise it, well part of it, for accounting purposes due to the funding they provide.

Fiona11:52 am 15 Aug 10

They don;t necessarily seem to be keeping up with the press releases. Maybe they don’t want to be a burden to Federal labor?

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