❓ Hon Stephen Dawson questions the Minister for Housing regarding a $62 million payment to Fleetwood Corporation for Osprey Village, specifically focusing on the approval process and terms of the vendor finance loan.
AnsweredQoN 947Legislative Council
QuestionView source ↗
OSPREY KEY
WORKER VILLAGE — FLEETWOOD CORPORATION
947. Hon STEPHEN DAWSON to the
Minister for Housing:
I refer to the $62 million payment to Fleetwood Corporation
for Osprey Village.
(1) Was the vendor finance loan for the purchase of Fleetwood's
investment approved by Treasury?
(2) Was the vendor finance loan for the purchase of Fleetwood's
investment approved by cabinet?
(3) At what period in the vendor finance loan can the
principal be paid out?
(4) If the
principal of the loan is paid out early, are there penalty clauses; and, if so,
what do they contain?
WORKER VILLAGE — FLEETWOOD CORPORATION
947. Hon STEPHEN DAWSON to the
Minister for Housing:
I refer to the $62 million payment to Fleetwood Corporation
for Osprey Village.
(1) Was the vendor finance loan for the purchase of Fleetwood's
investment approved by Treasury?
(2) Was the vendor finance loan for the purchase of Fleetwood's
investment approved by cabinet?
(3) At what period in the vendor finance loan can the
principal be paid out?
(4) If the
principal of the loan is paid out early, are there penalty clauses; and, if so,
what do they contain?
AnswerView source ↗
I thank the honourable member for some notice of the
question.
(1) No, but Treasury was consulted.
(2) No.
(3) Quarterly.
(4) Break
provisions apply; however, any potential impact would be limited to interest
rate movements within any quarter.
question.
(1) No, but Treasury was consulted.
(2) No.
(3) Quarterly.
(4) Break
provisions apply; however, any potential impact would be limited to interest
rate movements within any quarter.
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