❓ Dr. Steve Thomas questions the Cook government regarding the $308 million bailout of Griffin Coal, focusing on fund allocation, future funding, and long-term commercial solutions for coal and electricity supply beyond June 2026. The government provides details on funds disbursed and confirms ongoing discussions for a commercial solution.
AnsweredQoN 1289Legislative Council
QuestionView source ↗
Griffin Coal
1289. Hon Dr Steve Thomas to the Leader of the House
representing the Minister for State Development:
Happy Thursday! I
refer to the Cook government's extraordinary $308 million taxpayer-funded
bailout of the insolvent and foreign-owned Griffin Coal company. As at 11
December 2025, I ask:
(1)
How much fiscal drawdown of the $308 million "grant" has been
directed to or received by the receivers, liquidators and managers of the
insolvent Griffin Coal?
(2)
Is the $308 million total the maximum amount the government will spend to prop
up Griffin Coal to 30 June 2026 or will the fund be increased again?
(3)
Will the government provide funding to Griffin Coal for activity beyond 30 June
2026?
(4)
Will the government extend the Collie Coal
(Griffin) Agreement Act 1979 beyond 30 June 2026, and if not, why not?
(5)
If no to (3) and (4), what commercial solution is now in place to ensure the
continuity of coal and electricity supply?
1289. Hon Dr Steve Thomas to the Leader of the House
representing the Minister for State Development:
Happy Thursday! I
refer to the Cook government's extraordinary $308 million taxpayer-funded
bailout of the insolvent and foreign-owned Griffin Coal company. As at 11
December 2025, I ask:
(1)
How much fiscal drawdown of the $308 million "grant" has been
directed to or received by the receivers, liquidators and managers of the
insolvent Griffin Coal?
(2)
Is the $308 million total the maximum amount the government will spend to prop
up Griffin Coal to 30 June 2026 or will the fund be increased again?
(3)
Will the government provide funding to Griffin Coal for activity beyond 30 June
2026?
(4)
Will the government extend the Collie Coal
(Griffin) Agreement Act 1979 beyond 30 June 2026, and if not, why not?
(5)
If no to (3) and (4), what commercial solution is now in place to ensure the
continuity of coal and electricity supply?
AnswerView source ↗
I thank the
honourable member for some notice of the question. Honourable member, I am
going to miss Thursdays for the next eight weeks! Anyway, this is the answer.
(1)
As at 11 December 2025, $209.1 million has been provided to the receivers and
managers of Griffin Coal.
(2)
Yes—based on current forecasts.
(3)–(5)
The government has previously stated that it expects the continuation of the
mine to be on a commercial basis. The government is currently in discussions
with commercial parties to determine what should occur after 30 June 2026.
honourable member for some notice of the question. Honourable member, I am
going to miss Thursdays for the next eight weeks! Anyway, this is the answer.
(1)
As at 11 December 2025, $209.1 million has been provided to the receivers and
managers of Griffin Coal.
(2)
Yes—based on current forecasts.
(3)–(5)
The government has previously stated that it expects the continuation of the
mine to be on a commercial basis. The government is currently in discussions
with commercial parties to determine what should occur after 30 June 2026.
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