❓ Hon Robin Chapple questions the Minister for Regional Development regarding the funding, valuation methodology, and industry commitment to the Port Hedland buyback scheme aimed at addressing dust management issues. The Minister's response indicates ongoing discussions and a commitment to industry funding.
AnsweredQoN 805Legislative Council
QuestionView source ↗
DUST MANAGEMENT —
PORT HEDLAND
805. Hon
ROBIN CHAPPLE to the Minister for Regional Development:
I
refer to the article ''Industry to wear costs of Port Hedland buy-backs''
of 9 August in Business News Western Australia , the answers to
questions without notice 768 and 734 and the meeting held on Tuesday, 30 July
2019, between the minister and Port Hedland residents relating to the Port
Hedland buyback scheme.
(1) Have BHP, Rio
Tinto, Fortescue Metals Group and Roy Hill Holdings as individual entities
agreed to bear the cost of the scheme?
(2) If no to (1),
which companies have not agreed?
(3) What
percentage and which components of the Port Hedland buyback scheme will be
funded by the government?
(4) The minister
referred to market value in answer to question without notice 768 and
unaffected value at the meeting of 30 July 2019—which is correct?
(5) How will the
valuation of properties be undertaken and at whose cost?
PORT HEDLAND
805. Hon
ROBIN CHAPPLE to the Minister for Regional Development:
I
refer to the article ''Industry to wear costs of Port Hedland buy-backs''
of 9 August in Business News Western Australia , the answers to
questions without notice 768 and 734 and the meeting held on Tuesday, 30 July
2019, between the minister and Port Hedland residents relating to the Port
Hedland buyback scheme.
(1) Have BHP, Rio
Tinto, Fortescue Metals Group and Roy Hill Holdings as individual entities
agreed to bear the cost of the scheme?
(2) If no to (1),
which companies have not agreed?
(3) What
percentage and which components of the Port Hedland buyback scheme will be
funded by the government?
(4) The minister
referred to market value in answer to question without notice 768 and
unaffected value at the meeting of 30 July 2019—which is correct?
(5) How will the
valuation of properties be undertaken and at whose cost?
AnswerView source ↗
I thank the member for the answer to
the question—sorry! I thank the member for the question. I was just
looking for the member's support crew up there.
(1)–(2) We have held preliminary conversations with each
major Port Hedland port user regarding an industry-funded buyback
scheme. Further discussions will be required as the detail of the scheme
governance and methodology is determined.
(3) The McGowan
government believes industry must take economic responsibility for rectifying
this issue. We are exploring different models for a government-administered
scheme.
(4)–(5) In
response to question without notice 768, I said, ''Work is being done to
establish the mechanism for establishing the market rate.'' I have
always spoken about the formula as being based on market value plus a premium.
I hope that we will have more detail on the methodology for establishing market
value within the next eight weeks.
the question—sorry! I thank the member for the question. I was just
looking for the member's support crew up there.
(1)–(2) We have held preliminary conversations with each
major Port Hedland port user regarding an industry-funded buyback
scheme. Further discussions will be required as the detail of the scheme
governance and methodology is determined.
(3) The McGowan
government believes industry must take economic responsibility for rectifying
this issue. We are exploring different models for a government-administered
scheme.
(4)–(5) In
response to question without notice 768, I said, ''Work is being done to
establish the mechanism for establishing the market rate.'' I have
always spoken about the formula as being based on market value plus a premium.
I hope that we will have more detail on the methodology for establishing market
value within the next eight weeks.
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