❓ A parliamentary question regarding the impact of tariff increases on Synergy's earnings before interest and tax (EBIT) as detailed in the 2011-12 budget papers. The answer clarifies that Synergy is compensated for non-cost-reflective tariffs, negating any impact on its EBIT.
AnsweredQoN 7549Legislative Assembly
QuestionView source ↗
I refer to Table 8.1 on page 286 of Budget Paper No.3 of the 2011–12 Budget, and I ask:
(a) has the Minister sought or received advice on the effect on earnings before interest and tax for Synergy in the financial years 2012–13, 2013–14 and 2014–15 by applying the assumed increase in tariffs detailed in the Budget Papers;
(b) what is the effect on earnings before interest and tax for Synergy in the financial years 2012–13, 2013–14 and 2014–15 by applying the assumed increase in tariffs detailed in the Budget Papers?
(a) has the Minister sought or received advice on the effect on earnings before interest and tax for Synergy in the financial years 2012–13, 2013–14 and 2014–15 by applying the assumed increase in tariffs detailed in the Budget Papers;
(b) what is the effect on earnings before interest and tax for Synergy in the financial years 2012–13, 2013–14 and 2014–15 by applying the assumed increase in tariffs detailed in the Budget Papers?
AnswerView source ↗
Answered
2 May 2012
Responded by
Minister representing the Minister for Energy
Response time
42 days
a) Yes
b) Synergy is compensated by the Government for non cost reflective tariffs through the tariff adjustment payment. As a result, any change to tariffs does not have an impact on Synergy's earnings before interest and tax, as it would be offset by amendment to the adjustment payment.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
b) Synergy is compensated by the Government for non cost reflective tariffs through the tariff adjustment payment. As a result, any change to tariffs does not have an impact on Synergy's earnings before interest and tax, as it would be offset by amendment to the adjustment payment.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
Explore WA Government Data
Search the full archive in the free dashboard, or query programmatically via API.
Explore more
Government Gazette
Appointments, regulatory notices, planning changes.
Hansard
Debates, questions, speeches and sentiment.
Tabled Papers
Reports and documents tabled in Parliament.
Committees
Committee profiles and recent reports.
Regulations
Subsidiary legislation with filters and summaries.
Bills
Proposed laws and parliamentary progress.
Acts
Current WA legislation and summaries.
Explanatory Memoranda
Bills with EMs (text/PDF) available.
Members
MP profiles, party breakdown and rankings.
Pollie Rankings
Data-driven rankings across 19 categories.
Amendment Chains
Track how schemes and regulations evolve over time.