TOTAL RECONCILIATION SOLUTION

In reply to Mr GRIFFITHS (Goyder) (8 November 2011) (First Session).

The Hon. P.F. CONLON (Elder—Minister for Transport, Minister for Infrastructure): I am advised:

The cost of putting Total Reconciliation Solution (T-Recs) in place as of 1 July 2011 was $953,000. This amount includes an accrual of $54,368 for the final payment following full acceptance testing.

T-Recs is a commercially available database. The development component of the installation of the T-Recs database was required to enable it to automatically reconcile TRUMPS information. Minor customisations of databases, such as T-Recs, are common in the financial services sector.