❓ Mr. Buswell requests an itemised list of the $635 million in contingent liabilities of WA agencies reported in the 2005-06 Annual Report on State Finances. The Treasurer provides a breakdown of $109 million across several agencies, detailing the amount and reason for each contingency.
AnsweredQoN 1573Legislative Assembly
QuestionView source ↗
I refer to Note 37: Contingent Liabilities on page 114 of the 2005-06 Annual Report on State Finances and specifically to the $635 million in other contingent liabilities of agencies, and ask whether the Treasurer will provide an itemised list of the contingent liabilities of the individual agencies that comprises this figure of $635 million, including the value and reason for the contingent liability?
AnswerView source ↗
Answered
22 November 2006
Response time
34 days
CONTINGENT LIABILITIES AT 30 JUNE 2006 included in the 2005?06 annual report on state finances (a) Agency Amount $m Reason for Contingency Commissioner of Main Roads 52 Contract claims and resumption claims in dispute. Contract claims in dispute are claims that have been submitted by contractors in relation to services provided under roadwork contracts. The contingent liability is the difference between the amount of the claim and the liability estimated by Main Roads based on legal advice. Resumption claims in dispute are claims that have been lodged by owners of property acquired for road construction purposes. The contingent liability is the difference between the owner's claim and the estimated settlement price determined by Main Roads in accordance with an independent valuation. Department of Health 48 Pending medical litigation claims that are not recoverable from Riskcover insurance and may affect the financial position of the Health Service. Electricity Networks Corporation trading as Western Power 4 This matter relates to compensation claims lodged by owners of land where the former Western Power Corporation resumed parts of land for the Kemerton 330kV line. These claims are being challenged on appeal. Western Australian Tourism Commission 2 The WA Tourism Commission (WATC) has a contingent liability under an agreement with Hopman Cup Pty Ltd in respect to the Hopman Cup, an annual international mixed teams tennis event. Under the agreement, the WATC is required to meet the first $2,000,000 of any loss or deficit. Police Service 2 The contingency represents the maximum obligation potentially payable for unsettled legal claims. Department of Education and Training 1 Relates to the possible exposure the Department of Education and Training has with regard to legal proceedings the department is involved in. Total 109
Agency Amount $m Reason for Contingency Commissioner of Main Roads 52 Contract claims and resumption claims in dispute. Contract claims in dispute are claims that have been submitted by contractors in relation to services provided under roadwork contracts. The contingent liability is the difference between the amount of the claim and the liability estimated by Main Roads based on legal advice. Resumption claims in dispute are claims that have been lodged by owners of property acquired for road construction purposes. The contingent liability is the difference between the owner's claim and the estimated settlement price determined by Main Roads in accordance with an independent valuation. Department of Health 48 Pending medical litigation claims that are not recoverable from Riskcover insurance and may affect the financial position of the Health Service. Electricity Networks Corporation trading as Western Power 4 This matter relates to compensation claims lodged by owners of land where the former Western Power Corporation resumed parts of land for the Kemerton 330kV line. These claims are being challenged on appeal. Western Australian Tourism Commission 2 The WA Tourism Commission (WATC) has a contingent liability under an agreement with Hopman Cup Pty Ltd in respect to the Hopman Cup, an annual international mixed teams tennis event. Under the agreement, the WATC is required to meet the first $2,000,000 of any loss or deficit. Police Service 2 The contingency represents the maximum obligation potentially payable for unsettled legal claims. Department of Education and Training 1 Relates to the possible exposure the Department of Education and Training has with regard to legal proceedings the department is involved in. Total 109
Contract claims and resumption claims in dispute. Contract claims in dispute are claims that have been submitted by contractors in relation to services provided under roadwork contracts. The contingent liability is the difference between the amount of the claim and the liability estimated by Main Roads based on legal advice. Resumption claims in dispute are claims that have been lodged by owners of property acquired for road construction purposes. The contingent liability is the difference between the owner's claim and the estimated settlement price determined by Main Roads in accordance with an independent valuation.
Resumption claims in dispute are claims that have been lodged by owners of property acquired for road construction purposes. The contingent liability is the difference between the owner's claim and the estimated settlement price determined by Main Roads in accordance with an independent valuation.
Agency Amount $m Reason for Contingency Commissioner of Main Roads 52 Contract claims and resumption claims in dispute. Contract claims in dispute are claims that have been submitted by contractors in relation to services provided under roadwork contracts. The contingent liability is the difference between the amount of the claim and the liability estimated by Main Roads based on legal advice. Resumption claims in dispute are claims that have been lodged by owners of property acquired for road construction purposes. The contingent liability is the difference between the owner's claim and the estimated settlement price determined by Main Roads in accordance with an independent valuation. Department of Health 48 Pending medical litigation claims that are not recoverable from Riskcover insurance and may affect the financial position of the Health Service. Electricity Networks Corporation trading as Western Power 4 This matter relates to compensation claims lodged by owners of land where the former Western Power Corporation resumed parts of land for the Kemerton 330kV line. These claims are being challenged on appeal. Western Australian Tourism Commission 2 The WA Tourism Commission (WATC) has a contingent liability under an agreement with Hopman Cup Pty Ltd in respect to the Hopman Cup, an annual international mixed teams tennis event. Under the agreement, the WATC is required to meet the first $2,000,000 of any loss or deficit. Police Service 2 The contingency represents the maximum obligation potentially payable for unsettled legal claims. Department of Education and Training 1 Relates to the possible exposure the Department of Education and Training has with regard to legal proceedings the department is involved in. Total 109
Contract claims and resumption claims in dispute. Contract claims in dispute are claims that have been submitted by contractors in relation to services provided under roadwork contracts. The contingent liability is the difference between the amount of the claim and the liability estimated by Main Roads based on legal advice. Resumption claims in dispute are claims that have been lodged by owners of property acquired for road construction purposes. The contingent liability is the difference between the owner's claim and the estimated settlement price determined by Main Roads in accordance with an independent valuation.
Resumption claims in dispute are claims that have been lodged by owners of property acquired for road construction purposes. The contingent liability is the difference between the owner's claim and the estimated settlement price determined by Main Roads in accordance with an independent valuation.
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