❓ A WA parliamentary question seeks information regarding the government's plans to amend the Bank of Western Australia Act 1995, the advice received from APRA, and the frequency of meetings with Bankwest and APRA concerning Bankwest's banking licence.
AnsweredQoN 147Legislative Council
QuestionView source ↗
BANKWEST — LICENCE
147. Hon MATT BENSON-LIDHOLM to the minister representing
the Treasurer:
I refer to Bankwest's banking licence.
(1) When will
the government be introducing legislation to amend the Bank of Western
Australia Act 1995?
(2) Has the
Australian Prudential Regulation Authority advised the government of the date
by which amendments to the Bank of Western Australia Act have to be made; and, if
so, what is that advice?
(3) How many
times over the past 12 months has the minister or representatives of the
minister met with representatives from Bankwest in relation to its banking
licence?
(4) How many
times over the past 12 months has the minister or representatives of the
minister met with APRA to discuss the Bankwest banking licence?
147. Hon MATT BENSON-LIDHOLM to the minister representing
the Treasurer:
I refer to Bankwest's banking licence.
(1) When will
the government be introducing legislation to amend the Bank of Western
Australia Act 1995?
(2) Has the
Australian Prudential Regulation Authority advised the government of the date
by which amendments to the Bank of Western Australia Act have to be made; and, if
so, what is that advice?
(3) How many
times over the past 12 months has the minister or representatives of the
minister met with representatives from Bankwest in relation to its banking
licence?
(4) How many
times over the past 12 months has the minister or representatives of the
minister met with APRA to discuss the Bankwest banking licence?
AnswerView source ↗
I thank the honourable member for notice of the question. The
Treasurer has advised me of the following —
(1) The
government has been in discussions with Bankwest regarding amendments to the
act. These discussions are ongoing and a final decision to proceed has yet to
be made by the government.
(2) Yes, by mid-2012.
(3) The
Treasurer has met with Bankwest in relation to its banking licence twice over
the past 12 months. Members of the Treasurer's office have met with
Bankwest numerous times, and the Treasurer is willing to provide this
information. However, the member is asked to put this question on notice so
that an exact and accurate number can be provided.
(4) The
Treasurer has not met with APRA regarding Bankwest's banking licence in
the past 12 months and neither has any staff member in his office.
Treasurer has advised me of the following —
(1) The
government has been in discussions with Bankwest regarding amendments to the
act. These discussions are ongoing and a final decision to proceed has yet to
be made by the government.
(2) Yes, by mid-2012.
(3) The
Treasurer has met with Bankwest in relation to its banking licence twice over
the past 12 months. Members of the Treasurer's office have met with
Bankwest numerous times, and the Treasurer is willing to provide this
information. However, the member is asked to put this question on notice so
that an exact and accurate number can be provided.
(4) The
Treasurer has not met with APRA regarding Bankwest's banking licence in
the past 12 months and neither has any staff member in his office.
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