❓ WA Parliamentary Question reveals Gold Corp potentially impacted 1,305 accounts due to non-compliance with the US Model State Commodity Code. Legal costs for US counsel totalled $756,852 between 2022 and July 2023.
AnsweredQoN 837Legislative Assembly
QuestionView source ↗
I refer to evidence provided by the Minister on Gold Corp and the model state commodity code during Budget Estimates on 25 May 2023, and I ask: (a) How many accounts have been impacted by a potential breach of the US model state commodity code; and (b) What is the cost to Gold Corp of the engagement of US legal counsel for each month of the years June 2020 to July 2023?
AnswerView source ↗
Answered
12 September 2023
Responded by
Minister for Mines and Petroleum
Response time
9 days
(a) As of 8 August 2023, there are 1,305 customer accounts in operation that have been impacted by potential non-compliance with the Model State Commodity Code, as adopted into legislation by relevant States in the US since its issuance in 1985.
(b) Costs for US-based legal counsel have been incurred in 2022 and 2023 and calculated on a quarterly basis. See attached table.
Sum of Amount
Grand Total
2022
(43,837)
(380,115)
(423,952)
Apr
(5,625)
(5,625)
Jun
(38,212)
(38,212)
Sep
(84,941)
(84,941)
Dec
(295,174)
(295,174)
2023
(332,900)
(332,900)
Jan
(8,948)
(8,948)
Feb
(36,282)
(36,282)
Apr
(26,000)
(26,000)
Jul
(261,671)
(261,671)
Grand Total
(43,837)
(713,015)
(756,852)
(b) Costs for US-based legal counsel have been incurred in 2022 and 2023 and calculated on a quarterly basis. See attached table.
Sum of Amount
Grand Total
2022
(43,837)
(380,115)
(423,952)
Apr
(5,625)
(5,625)
Jun
(38,212)
(38,212)
Sep
(84,941)
(84,941)
Dec
(295,174)
(295,174)
2023
(332,900)
(332,900)
Jan
(8,948)
(8,948)
Feb
(36,282)
(36,282)
Apr
(26,000)
(26,000)
Jul
(261,671)
(261,671)
Grand Total
(43,837)
(713,015)
(756,852)
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