❓ A WA parliamentary question seeks details about a regional headworks loan granted to APBT Australia for the Albany Canola Plant, including the loan amount, repayment terms, conditions, and other government incentives. The answer provides specific financial details and clarifies that no other incentives were offered.
AnsweredQoN 39Legislative Council
QuestionView source ↗
With regard to the Regional Headwork s loan granted to APBT Australia Pty Ltd for the Albany Canola Plant - (1) How much was the loan? (2) Over how many years will the loan be repaid and is there provision for the loan to be converted to a grant? (3) What conditions attach to the loan? (4) What other incentives did the Government offer the company for the plant to be located in Albany? Answered on 7 September 2000 The Minister
AnswerView source ↗
Answered
7 September 2000
Response time
30 days
(1) $790,790.09. $113,968.50 of the amount has yet to be drawn down. (2) The term of the loan is ten years. Repayments commence from the fifth year of the term. There is no provision for the loan to be converted to a grant. (3) The Minister for Commerce and Trade and APBT Australia Pty Ltd entered into a loan agreement, which was drafted by the Crown Solicitor's Office. The agreement contains standard conditions for the provision of financial assistance including the requirement for the provision of security by the borrower to secure amounts owing under the agreement and requirements for the provision of annual financial and progress records and reports. (4) Nil.
(1) How much was the loan? (2) Over how many years will the loan be repaid and is there provision for the loan to be converted to a grant? (3) What conditions attach to the loan? (4) What other incentives did the Government offer the company for the plant to be located in Albany? Answered on 7 September 2000 The Minister Replied: (1) $790,790.09. $113,968.50 of the amount has yet to be drawn down. (2) The term of the loan is ten years. Repayments commence from the fifth year of the term. There is no provision for the loan to be converted to a grant. (3) The Minister for Commerce and Trade and APBT Australia Pty Ltd entered into a loan agreement, which was drafted by the Crown Solicitor's Office. The agreement contains standard conditions for the provision of financial assistance including the requirement for the provision of security by the borrower to secure amounts owing under the agreement and requirements for the provision of annual financial and progress records and reports. (4) Nil.
(2) Over how many years will the loan be repaid and is there provision for the loan to be converted to a grant? (3) What conditions attach to the loan? (4) What other incentives did the Government offer the company for the plant to be located in Albany? Answered on 7 September 2000 The Minister Replied: (1) $790,790.09. $113,968.50 of the amount has yet to be drawn down. (2) The term of the loan is ten years. Repayments commence from the fifth year of the term. There is no provision for the loan to be converted to a grant. (3) The Minister for Commerce and Trade and APBT Australia Pty Ltd entered into a loan agreement, which was drafted by the Crown Solicitor's Office. The agreement contains standard conditions for the provision of financial assistance including the requirement for the provision of security by the borrower to secure amounts owing under the agreement and requirements for the provision of annual financial and progress records and reports. (4) Nil.
(3) What conditions attach to the loan? (4) What other incentives did the Government offer the company for the plant to be located in Albany? Answered on 7 September 2000 The Minister Replied: (1) $790,790.09. $113,968.50 of the amount has yet to be drawn down. (2) The term of the loan is ten years. Repayments commence from the fifth year of the term. There is no provision for the loan to be converted to a grant. (3) The Minister for Commerce and Trade and APBT Australia Pty Ltd entered into a loan agreement, which was drafted by the Crown Solicitor's Office. The agreement contains standard conditions for the provision of financial assistance including the requirement for the provision of security by the borrower to secure amounts owing under the agreement and requirements for the provision of annual financial and progress records and reports. (4) Nil.
(4) What other incentives did the Government offer the company for the plant to be located in Albany? Answered on 7 September 2000 The Minister Replied: (1) $790,790.09. $113,968.50 of the amount has yet to be drawn down. (2) The term of the loan is ten years. Repayments commence from the fifth year of the term. There is no provision for the loan to be converted to a grant. (3) The Minister for Commerce and Trade and APBT Australia Pty Ltd entered into a loan agreement, which was drafted by the Crown Solicitor's Office. The agreement contains standard conditions for the provision of financial assistance including the requirement for the provision of security by the borrower to secure amounts owing under the agreement and requirements for the provision of annual financial and progress records and reports. (4) Nil.
Answered on 7 September 2000 The Minister Replied: (1) $790,790.09. $113,968.50 of the amount has yet to be drawn down. (2) The term of the loan is ten years. Repayments commence from the fifth year of the term. There is no provision for the loan to be converted to a grant. (3) The Minister for Commerce and Trade and APBT Australia Pty Ltd entered into a loan agreement, which was drafted by the Crown Solicitor's Office. The agreement contains standard conditions for the provision of financial assistance including the requirement for the provision of security by the borrower to secure amounts owing under the agreement and requirements for the provision of annual financial and progress records and reports. (4) Nil.
(1) How much was the loan? (2) Over how many years will the loan be repaid and is there provision for the loan to be converted to a grant? (3) What conditions attach to the loan? (4) What other incentives did the Government offer the company for the plant to be located in Albany? Answered on 7 September 2000 The Minister Replied: (1) $790,790.09. $113,968.50 of the amount has yet to be drawn down. (2) The term of the loan is ten years. Repayments commence from the fifth year of the term. There is no provision for the loan to be converted to a grant. (3) The Minister for Commerce and Trade and APBT Australia Pty Ltd entered into a loan agreement, which was drafted by the Crown Solicitor's Office. The agreement contains standard conditions for the provision of financial assistance including the requirement for the provision of security by the borrower to secure amounts owing under the agreement and requirements for the provision of annual financial and progress records and reports. (4) Nil.
(2) Over how many years will the loan be repaid and is there provision for the loan to be converted to a grant? (3) What conditions attach to the loan? (4) What other incentives did the Government offer the company for the plant to be located in Albany? Answered on 7 September 2000 The Minister Replied: (1) $790,790.09. $113,968.50 of the amount has yet to be drawn down. (2) The term of the loan is ten years. Repayments commence from the fifth year of the term. There is no provision for the loan to be converted to a grant. (3) The Minister for Commerce and Trade and APBT Australia Pty Ltd entered into a loan agreement, which was drafted by the Crown Solicitor's Office. The agreement contains standard conditions for the provision of financial assistance including the requirement for the provision of security by the borrower to secure amounts owing under the agreement and requirements for the provision of annual financial and progress records and reports. (4) Nil.
(3) What conditions attach to the loan? (4) What other incentives did the Government offer the company for the plant to be located in Albany? Answered on 7 September 2000 The Minister Replied: (1) $790,790.09. $113,968.50 of the amount has yet to be drawn down. (2) The term of the loan is ten years. Repayments commence from the fifth year of the term. There is no provision for the loan to be converted to a grant. (3) The Minister for Commerce and Trade and APBT Australia Pty Ltd entered into a loan agreement, which was drafted by the Crown Solicitor's Office. The agreement contains standard conditions for the provision of financial assistance including the requirement for the provision of security by the borrower to secure amounts owing under the agreement and requirements for the provision of annual financial and progress records and reports. (4) Nil.
(4) What other incentives did the Government offer the company for the plant to be located in Albany? Answered on 7 September 2000 The Minister Replied: (1) $790,790.09. $113,968.50 of the amount has yet to be drawn down. (2) The term of the loan is ten years. Repayments commence from the fifth year of the term. There is no provision for the loan to be converted to a grant. (3) The Minister for Commerce and Trade and APBT Australia Pty Ltd entered into a loan agreement, which was drafted by the Crown Solicitor's Office. The agreement contains standard conditions for the provision of financial assistance including the requirement for the provision of security by the borrower to secure amounts owing under the agreement and requirements for the provision of annual financial and progress records and reports. (4) Nil.
Answered on 7 September 2000 The Minister Replied: (1) $790,790.09. $113,968.50 of the amount has yet to be drawn down. (2) The term of the loan is ten years. Repayments commence from the fifth year of the term. There is no provision for the loan to be converted to a grant. (3) The Minister for Commerce and Trade and APBT Australia Pty Ltd entered into a loan agreement, which was drafted by the Crown Solicitor's Office. The agreement contains standard conditions for the provision of financial assistance including the requirement for the provision of security by the borrower to secure amounts owing under the agreement and requirements for the provision of annual financial and progress records and reports. (4) Nil.
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