3377. Hon Alison Xamon to the minister representing the Minister for Racing and Gaming:
I refer to the Western Australian Greyhound Racing Association (WAGRA) Annual Report, page 55, point 37, and I ask, can the Minister please give hypothetical examples of “Material transactions with related parties” that are not required to be disclosed?
Hon Alannah MacTiernan replied:
Business transactions, by which there is the exchange of good and services through a market (i.e. arm’s length), between related parties and the public sector entity could be quantitatively material, and therefore required to be declared when they are above $50 000.