❓ Mr. Wyatt questions the government's commitment to the WA Future Fund. The government affirms its commitment to the legislative requirements of the WA Future Fund Act 2012.
AnsweredQoN 5085Legislative Assembly
QuestionView source ↗
Will
the Government commit to continuing the investment of new capital into the fund
as per the Western Australian Future Fund Act 2012 , or will the Government seek to put this capital
towards either debt reduction or investment into ventures offering better
returns?
the Government commit to continuing the investment of new capital into the fund
as per the Western Australian Future Fund Act 2012 , or will the Government seek to put this capital
towards either debt reduction or investment into ventures offering better
returns?
AnswerView source ↗
Answered
23 March 2016
Response time
28 days
It is a legislative requirement of the Western Australian Future Fund Act 2012 to invest an amount equal to 1% of the forecast royalty income for the 2016-17 and each subsequent financial year into the Fund, and to preserve the Fund’s capital into perpetuity. The Government is not seeking to amend this legislative requirement.
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