TAFE SA

In reply to Ms CHAPMAN (Bragg—Deputy Leader of the Opposition) (29 July 2016). (Estimates Committee B)

The Hon. S.C. MULLIGHAN (Lee—Minister for Transport and Infrastructure, Minister for Housing and Urban Development): I have been advised of the following:

The transfer of equity to Renewal SA during 2015-16 was not a factor for the board in recommending payment of dividends for 2015-16. The $7.3 million dividend paid in 2015-16 represented dividends payable only in respect of the operating surplus from the Adelaide Station and Environs Redevelopment (ASER) site and this is unrelated to the equity transferred to Renewal SA during 2015-16.