❓ Dr. Steve Thomas questions the Minister regarding the roles, responsibilities, and reporting structures of KPMG and Ad Astra Corporate Advisory in their engagement with the insolvent Griffin Coal, seeking clarity on their delegated authority and reporting lines.
AnsweredQoN 934Legislative Council
Asked
30 August 2023
Member
Portfolio
State and Industry Development, Jobs and Trade
QuestionView source ↗
GRIFFIN COAL — KPMG AND AD ASTRA CORPORATE ADVISORY
934. Hon Dr STEVE THOMAS to the minister representing the
Minister for State and Industry Development, Jobs and Trade:
I refer to the Minister for
State and Industry Development, Jobs and Trade's statement to the lower
house on 9 May 2023 announcing the engagement of Ad Astra Corporate to
assist in funding negotiations with the insolvent Griffin Coal, in tandem with the Deputy Premier's statement of 8
August 2023 announcing the appointment of KPMG to provide advice on
funding and mine operations with the insolvent Griffin Coal.
(1) What are
the specific scope and detailed advisory roles and areas of negotiation and
delegated authority KPMG is permitted to engage with the managers and
administrators of Griffin Coal?
(2) What are
the specific scope and detailed advisory roles and areas of negotiation and
delegated authority Ad Astra is permitted to engage with the managers of
Griffin Coal?
(3) What department, agency or authority will KPMG
report to regarding the scope of its contractual engagement?
(4) What
department, agency, authority or entity will Ad Astra report to regarding the
scope of its contractual engagement?
(5) What
common reporting interface exists with the appointments of Ad Astra Corporate
Advisory and KPMG to negotiate with Griffin Coal?
934. Hon Dr STEVE THOMAS to the minister representing the
Minister for State and Industry Development, Jobs and Trade:
I refer to the Minister for
State and Industry Development, Jobs and Trade's statement to the lower
house on 9 May 2023 announcing the engagement of Ad Astra Corporate to
assist in funding negotiations with the insolvent Griffin Coal, in tandem with the Deputy Premier's statement of 8
August 2023 announcing the appointment of KPMG to provide advice on
funding and mine operations with the insolvent Griffin Coal.
(1) What are
the specific scope and detailed advisory roles and areas of negotiation and
delegated authority KPMG is permitted to engage with the managers and
administrators of Griffin Coal?
(2) What are
the specific scope and detailed advisory roles and areas of negotiation and
delegated authority Ad Astra is permitted to engage with the managers of
Griffin Coal?
(3) What department, agency or authority will KPMG
report to regarding the scope of its contractual engagement?
(4) What
department, agency, authority or entity will Ad Astra report to regarding the
scope of its contractual engagement?
(5) What
common reporting interface exists with the appointments of Ad Astra Corporate
Advisory and KPMG to negotiate with Griffin Coal?
AnswerView source ↗
I thank the Leader of the Opposition for some notice of the
question. I remember this question from last week but I do not have it in my
folder, so if it comes I will provide it at the end of question time.
question. I remember this question from last week but I do not have it in my
folder, so if it comes I will provide it at the end of question time.
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