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❓ A WA parliamentary question on notice requesting details of all finance leases entered into by agencies within the Regional Development, Lands, and State Development portfolios since 2008. The answer indicates that none of the listed agencies have any such leases.

AnsweredQoN 5604Legislative Assembly

Asked

30 June 2016

Member

Mr W.J. Johnston

Portfolio

Regional Development; Lands; Minister Assisting the Minister for State Development

QuestionView source ↗

I refer to Note 3: Summary of Significant Accounting Policies, and specifically to sub-note (r) Leases on page 81 of the Annual Report of State Finances 2014-15, and I ask: (a) for each agency in the Minister's portfolio, please detail each finance lease that has been entered into since 8 September 2008 and currently in force for each agency; (b) for each such lease, please specify the specific infrastructure or property, plant or equipment that has been financed by such a lease, what value was assigned to that infrastructure or property, plant or equipment at the time the lease was created, and what is the current value of that infrastructure or property, plant or equipment; (c) for each such lease, who is the counter party for each lease, and on what date did each lease come into force, and when is it expected that the lease will expire; (d) what was the original value of each such lease, and what is the current value of each lease; (e) for the specific infrastructure or property, plant or equipment financed by each such lease, what is the expected value of the item at the expiration of the lease; (f) for each such lease, is there an obligation to make a "balloon" or similar payment at the expiration of the lease, and if so, what is the value of any such payment, and when is it due to be made; and (g) what is the “interest rate implicit in the lease” for each such lease?

AnswerView source ↗

Answered

16 August 2016

Responded by

Minister for Regional Development; Lands; Minister Assisting the Minister for State Development

Response time

47 days

DEPARTMENT OF REGIONAL DEVELOPMENT
(a)                   Nil
(b) – (g)          Not applicable
DEPARTMENT OF LANDS
(a)                   Nil
(b) – (g)          Not applicable
LANDCORP
(a)                   Nil
(b) – (g)          Not applicable
LANDGATE
(a)                   Nil
(b) – (g)          Not applicable
GASCOYNE DEVELOPMENT COMMISSION
(a)                   Nil
(b) – (g)          Not applicable
GOLDFIELDS ESPERANCE DEVELOPMENT COMMISSION
(a)                   Nil
(b) – (g)          Not applicable
GREAT SOUTHERN DEVELOPMENT COMMISSION
(a)                   Nil
(b) - (g)           Not applicable
KIMBERLEY DEVELOPMENT COMMISSION
(a)                   Nil
(b) – (g)          Not applicable
MID WEST DEVELOPMENT COMMISSION
(a)                   Nil
(b) – (g)          Not applicable
PEEL DEVELOPMENT COMMISSION
(a)                   Nil
(b) - (g)           Not applicable
PILBARA DEVELOPMENT COMMISSION
(a)                   Nil
(b) - (g)           Not applicable
SOUTHWEST DEVELOPMENT COMMISSION
(a)                   Nil
(b) - (g)           Not applicable
WHEATBELT DEVELOPMENT COMMISSION
(a)                   Nil
(b) - (g)           Not applicable

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