Dr Constable questions the WA government about a loan provided to Ansett Airlines for a Joondalup call centre. The government confirms the loan, its terms, and that it was fully recovered after Ansett's collapse via a bank guarantee.

AnsweredQoN 1352Legislative Assembly
Asked
19 February 2002
Portfolio
State Development

QuestionView source ↗

(1) Did the Western Australian Government lend money to Ansett Airlines for a Joondalup call centre service?
(2) If yes to (1), what were the terms of that loan?
(3) If yes to (1), how much of the loan is still to be repaid by Ansett Airlines to the Western Australian Government?
(4) If yes to (1), how much interest has accrued on that loan?
(5) If yes to (1), were Ansett Airlines' repayments to the Western Australian Government in arrears when the airline collapsed?
(6) Has a claim been put to Ansett Airlines' administrator for monies owed by Ansett Airlines to the Western Australian Government?

AnswerView source ↗

Answered
9 April 2002
Responded by
Minister for State Development
Response time
49 days
(1) Yes. (2) $2.22 million was provided to Ansett Airlines in the form of a loan convertible to a grant after seven years, providing Ansett met its employment obligations under the agreement. The commitments included: average annual staffing levels of 270 full time equivalent (FTE) over seven years. loan to be refunded if the average falls below 250 over the seven years and to be prorata repaid if the average is between 250 and 270 FTE (3) Nil, it has been fully repaid. (4) N/A. (5) Yes. With the appointment of an administrator the full amount of the loan became immediately due and payable. (6) Yes, and the full amount has been fully recovered through an unconditional bank guarantee.
(2) $2.22 million was provided to Ansett Airlines in the form of a loan convertible to a grant after seven years, providing Ansett met its employment obligations under the agreement. The commitments included: average annual staffing levels of 270 full time equivalent (FTE) over seven years. loan to be refunded if the average falls below 250 over the seven years and to be prorata repaid if the average is between 250 and 270 FTE (3) Nil, it has been fully repaid. (4) N/A. (5) Yes. With the appointment of an administrator the full amount of the loan became immediately due and payable. (6) Yes, and the full amount has been fully recovered through an unconditional bank guarantee.
The commitments included: average annual staffing levels of 270 full time equivalent (FTE) over seven years. loan to be refunded if the average falls below 250 over the seven years and to be prorata repaid if the average is between 250 and 270 FTE (3) Nil, it has been fully repaid. (4) N/A. (5) Yes. With the appointment of an administrator the full amount of the loan became immediately due and payable. (6) Yes, and the full amount has been fully recovered through an unconditional bank guarantee.
average annual staffing levels of 270 full time equivalent (FTE) over seven years. loan to be refunded if the average falls below 250 over the seven years and to be prorata repaid if the average is between 250 and 270 FTE (3) Nil, it has been fully repaid. (4) N/A. (5) Yes. With the appointment of an administrator the full amount of the loan became immediately due and payable. (6) Yes, and the full amount has been fully recovered through an unconditional bank guarantee.
loan to be refunded if the average falls below 250 over the seven years and to be prorata repaid if the average is between 250 and 270 FTE (3) Nil, it has been fully repaid. (4) N/A. (5) Yes. With the appointment of an administrator the full amount of the loan became immediately due and payable. (6) Yes, and the full amount has been fully recovered through an unconditional bank guarantee.
(3) Nil, it has been fully repaid. (4) N/A. (5) Yes. With the appointment of an administrator the full amount of the loan became immediately due and payable. (6) Yes, and the full amount has been fully recovered through an unconditional bank guarantee.
(4) N/A. (5) Yes. With the appointment of an administrator the full amount of the loan became immediately due and payable. (6) Yes, and the full amount has been fully recovered through an unconditional bank guarantee.
(5) Yes. With the appointment of an administrator the full amount of the loan became immediately due and payable. (6) Yes, and the full amount has been fully recovered through an unconditional bank guarantee.
(6) Yes, and the full amount has been fully recovered through an unconditional bank guarantee.

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