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House of Assembly - Fifty-Second Parliament, First Session (52-1)
2011-05-05 Daily Xml
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ROYAL ADELAIDE HOSPITAL

Mrs REDMOND (Heysen—Leader of the Opposition) (14:56): My question is again to the Minister for Health. Will the minister confirm that under the new Royal Adelaide Hospital PPP the total profit paid to investors in the project will be about, interestingly, $1.7 billion over the life of the contract?

The Hon. J.D. HILL (Kaurna—Minister for Health, Minister for Mental Health and Substance Abuse, Minister for the Southern Suburbs, Minister Assisting the Premier in the Arts) (14:56): Madam Speaker, I don't think the member listened to what I said in any way at all. The two points I made are: (1) I can't confirm anything because the contract is yet to—

The Hon. P.F. Conlon: I don't think she understands what a prospectus is.

The SPEAKER: Order!

Members interjecting:

The SPEAKER: Order! The Minister for Transport and the Leader of the Opposition.

The Hon. J.D. HILL: Two points: the first point is that we haven't signed the contract so nothing can be confirmed at this stage until that contract is signed; the second point—and the point I was making in the previous answer—is that you can't guarantee a profit. If you could guarantee a profit, it wouldn't be a profit, it would be something else. It would be a secure income stream or some other such. The reality is that that consortium wants to make a profit. If we were to go out and procure a hospital in a normal way, we would engage a builder to build that hospital and we would engage architects, and they would all want to make a profit because that's the way our system works. When you buy a television set for a government office, the person who sells you that set—

The Hon. K.O. Foley: Makes a profit.

The Hon. J.D. HILL: —makes a profit. Every element of every project—

The Hon. K.O. Foley interjecting:

The SPEAKER: Order!

The Hon. J.D. HILL: —that is procured through whatever mechanism includes profit. The socialism that is inherent in the heart of the question by the Leader of the Opposition is just a fantasy. Those on this side of the house worked that out some decades ago. Sadly, the Liberal Party is still pursuing the socialist objective in this place.

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