❓ Mr. Love questions the Premier about taxpayer liability for Gold Corporation's failings. The Premier assures that legislative changes will align Perth Mint with other government trading enterprises, improving governance and accountability.
AnsweredQoN 455Legislative Assembly
QuestionView source ↗
GOLD CORPORATION — LEGISLATION
455. Mr R.S. LOVE to the Premier:
I have a supplementary question. I bring
the Premier back to the first question. Can the Premier give an assurance that Western
Australian taxpayers will not continue to be on the hook for any governance or
commercial failing by Perth Mint or Gold Corp?
455. Mr R.S. LOVE to the Premier:
I have a supplementary question. I bring
the Premier back to the first question. Can the Premier give an assurance that Western
Australian taxpayers will not continue to be on the hook for any governance or
commercial failing by Perth Mint or Gold Corp?
AnswerView source ↗
What I can do is confirm that under
the changes that we are making, the Perth Mint will be brought into line with
legislation governing other government trading enterprises. That act will
standardise the governance arrangements including the board, accountability and
financial provisions. It will mean that approval will be required from the
minister and the Treasurer to undertake significant transactions, form new
subsidiaries and dispose of significant assets. This is the appropriate way to
manage these issues. The Gold Corporation plays an important part in our gold
mining ecosystem and, because of that, many mining companies have come to the
government, both formally and informally, with the view that we should maintain
Gold Corp in government hands. In doing so, we have to make sure that it is
captured under our gold-standard government trading enterprise legislative
framework to make sure that we can continue to be confident in the work that
Gold Corp does.
the changes that we are making, the Perth Mint will be brought into line with
legislation governing other government trading enterprises. That act will
standardise the governance arrangements including the board, accountability and
financial provisions. It will mean that approval will be required from the
minister and the Treasurer to undertake significant transactions, form new
subsidiaries and dispose of significant assets. This is the appropriate way to
manage these issues. The Gold Corporation plays an important part in our gold
mining ecosystem and, because of that, many mining companies have come to the
government, both formally and informally, with the view that we should maintain
Gold Corp in government hands. In doing so, we have to make sure that it is
captured under our gold-standard government trading enterprise legislative
framework to make sure that we can continue to be confident in the work that
Gold Corp does.
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