A WA parliamentary question seeks information on the AlintaGas sale proceeds, including receipt date and planned allocation to debt retirement and infrastructure projects like rail lines and port construction. The Treasurer's response indicates the proceeds haven't been received yet and allocation decisions are pending.

AnsweredQoN 14Legislative Council
Asked
9 August 2000
Portfolio
Attorney General representing the Treasurer

QuestionView source ↗

I refer to the proceeds of $319m from the sale of 45 per cent of AlintaGas. (1) Has the Government already received the proceeds? (2) If so, on what date were the proceeds received? (3) If not, on what date does the Government expect to receive the proceeds? (4) What part of the proceeds will be used to - (a) retire consolidated fund debt; (b) fund the rail line to Mandurah; (c) fund any new rolling stock; (d) fund the rail extension to Clarkson; (e) fund the extension of the Australind service to the Bunbury town centre; and (f) fund the construction of the Oakajee port? Hon PETER FOSS

AnswerView source ↗

I thank the member for some notice of this question. (1) No. (2) Not applicable. (3) The proceeds will be received on completion of the initial public offering of securities in AlintaGas Ltd. (4) No decision has been made on the use of the sale proceeds other than the retirement of the existing Gas Corporation debt as the Government does not know what the final proceeds will be.
(1) Has the Government already received the proceeds? (2) If so, on what date were the proceeds received? (3) If not, on what date does the Government expect to receive the proceeds? (4) What part of the proceeds will be used to - (a) retire consolidated fund debt; (b) fund the rail line to Mandurah; (c) fund any new rolling stock; (d) fund the rail extension to Clarkson; (e) fund the extension of the Australind service to the Bunbury town centre; and (f) fund the construction of the Oakajee port? Hon PETER FOSS replied: I thank the member for some notice of this question. (1) No. (2) Not applicable. (3) The proceeds will be received on completion of the initial public offering of securities in AlintaGas Ltd. (4) No decision has been made on the use of the sale proceeds other than the retirement of the existing Gas Corporation debt as the Government does not know what the final proceeds will be.
(2) If so, on what date were the proceeds received? (3) If not, on what date does the Government expect to receive the proceeds? (4) What part of the proceeds will be used to - (a) retire consolidated fund debt; (b) fund the rail line to Mandurah; (c) fund any new rolling stock; (d) fund the rail extension to Clarkson; (e) fund the extension of the Australind service to the Bunbury town centre; and (f) fund the construction of the Oakajee port? Hon PETER FOSS replied: I thank the member for some notice of this question. (1) No. (2) Not applicable. (3) The proceeds will be received on completion of the initial public offering of securities in AlintaGas Ltd. (4) No decision has been made on the use of the sale proceeds other than the retirement of the existing Gas Corporation debt as the Government does not know what the final proceeds will be.
(3) If not, on what date does the Government expect to receive the proceeds? (4) What part of the proceeds will be used to - (a) retire consolidated fund debt; (b) fund the rail line to Mandurah; (c) fund any new rolling stock; (d) fund the rail extension to Clarkson; (e) fund the extension of the Australind service to the Bunbury town centre; and (f) fund the construction of the Oakajee port? Hon PETER FOSS replied: I thank the member for some notice of this question. (1) No. (2) Not applicable. (3) The proceeds will be received on completion of the initial public offering of securities in AlintaGas Ltd. (4) No decision has been made on the use of the sale proceeds other than the retirement of the existing Gas Corporation debt as the Government does not know what the final proceeds will be.
(4) What part of the proceeds will be used to - (a) retire consolidated fund debt; (b) fund the rail line to Mandurah; (c) fund any new rolling stock; (d) fund the rail extension to Clarkson; (e) fund the extension of the Australind service to the Bunbury town centre; and (f) fund the construction of the Oakajee port? Hon PETER FOSS replied: I thank the member for some notice of this question. (1) No. (2) Not applicable. (3) The proceeds will be received on completion of the initial public offering of securities in AlintaGas Ltd. (4) No decision has been made on the use of the sale proceeds other than the retirement of the existing Gas Corporation debt as the Government does not know what the final proceeds will be.
(b) fund the rail line to Mandurah; (c) fund any new rolling stock; (d) fund the rail extension to Clarkson; (e) fund the extension of the Australind service to the Bunbury town centre; and (f) fund the construction of the Oakajee port?
(c) fund any new rolling stock; (d) fund the rail extension to Clarkson; (e) fund the extension of the Australind service to the Bunbury town centre; and (f) fund the construction of the Oakajee port?
(d) fund the rail extension to Clarkson; (e) fund the extension of the Australind service to the Bunbury town centre; and (f) fund the construction of the Oakajee port?
(e) fund the extension of the Australind service to the Bunbury town centre; and (f) fund the construction of the Oakajee port?
(f) fund the construction of the Oakajee port?
I thank the member for some notice of this question. (1) No. (2) Not applicable. (3) The proceeds will be received on completion of the initial public offering of securities in AlintaGas Ltd. (4) No decision has been made on the use of the sale proceeds other than the retirement of the existing Gas Corporation debt as the Government does not know what the final proceeds will be.
(1) No. (2) Not applicable. (3) The proceeds will be received on completion of the initial public offering of securities in AlintaGas Ltd. (4) No decision has been made on the use of the sale proceeds other than the retirement of the existing Gas Corporation debt as the Government does not know what the final proceeds will be.
(2) Not applicable. (3) The proceeds will be received on completion of the initial public offering of securities in AlintaGas Ltd. (4) No decision has been made on the use of the sale proceeds other than the retirement of the existing Gas Corporation debt as the Government does not know what the final proceeds will be.
(3) The proceeds will be received on completion of the initial public offering of securities in AlintaGas Ltd. (4) No decision has been made on the use of the sale proceeds other than the retirement of the existing Gas Corporation debt as the Government does not know what the final proceeds will be.
(4) No decision has been made on the use of the sale proceeds other than the retirement of the existing Gas Corporation debt as the Government does not know what the final proceeds will be.

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