Question On Notice No. 3377 asked in the Legislative Council on 3 November 2020 by Hon Alison Xamon
Question Directed to the: Minister for Regional Development representing the Minister for Racing and Gaming
Parliament: 40 Session: 1
Question
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?
Answered on 26 November 2020
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.