VAILO Adelaide 500

Mr TELFER (Flinders) (14:27): My question is to the Treasurer. Will the government extend the VAILO Adelaide 500 sponsorship agreement? With your leave, sir, and that of the house, I will explain.

Leave granted.

Mr TELFER: It was reported last week that Motor Sport's CEO Mark Warren was open to extending the contract. He said:

At this stage, this is the third year and he's got a two year option to extend the contract. So we'll certainly be having those conversations.

The Hon. P.B. MALINAUSKAS (Croydon—Premier) (14:27): As the minister responsible for the Adelaide 500, I refer the shadow treasurer to my previous answer. There is a three-year agreement, and it concludes at the end of this year, as Mr Warren articulated in the media. There is an option for a two-year extension if both parties are happy to do so, and that will be assessed post this year's event.