Ms. Warnock questions the Treasurer regarding self-supporting loans provided by WATC to local governments, their original intent, changes over time, eligibility, conditions, and auditing processes. The Treasurer denies the existence of 'self-supporting loans' in WATC's arrangements with local governments.

AnsweredQoN 796Legislative Assembly
Asked
10 October 2000
Member
Portfolio
Treasurer

QuestionView source ↗

796. Ms WARNOCK to the Treasurer:
(1) What was the original intent of self-supporting loans provided by the Western Australian Treasury Corporation (WATC) to local government?
(2) Has this intent changed since the inception of these loans?
(3) If yes to (2), what were the nature of these changes?
(4) What type of organisations are eligible to receive self-supporting loans accessed by local government authorities from the WATC?
(5) What conditions does the WATC place on the use of self-supporting loans by local government?
(6) Who audits the use of self-supporting loans?

AnswerView source ↗

Answered
14 November 2000
Response time
35 days
The Minister Replied:
(1) Self-supporting loans is a term used by local government and has no application to the funding arrangements between local government and the Western Australian Treasury Corporation. All lending advanced to local government by the Western Australian Treasury Corporation is secured on the revenue base of the local government authority involved.
(2) - (6) Not applicable.

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