❓ This WA parliamentary question seeks to determine the direct and indirect costs incurred by the State of Western Australia due to the liquidation of HIH Insurance. The answer provides a breakdown of costs related to workers compensation and housing indemnity claims.
AnsweredQoN 701Legislative Assembly
QuestionView source ↗
What are the direct and indirect costs to the State arising from the liquidation of HIH?
AnswerView source ↗
Answered
11 March 2003
Responded by
Minister for Consumer and Employment Protection
Response time
14 days
The direct costs to date have been: · $36,557,259 – workers compensation claim payments from April 2001 to January 2003. · $228,748 – seven housing indemnity insurance claims under the Government’s Home Indemnity Insurance Rescue Package for builders and consumers, initiated following the collapse of HIH Insurance, and administered by the Insurance Commission of Western Australia. The indirect costs to date have been: · $89,176 – includes audit fees, actuarial fees, legal costs, accounting costs & administration fees related to the workers compensation claims. Staff costs and other resources at the Department of Consumer and Employment Protection have not been separately costed and have been dealt with as part of the Department’s normal operations.
· $36,557,259 – workers compensation claim payments from April 2001 to January 2003. · $228,748 – seven housing indemnity insurance claims under the Government’s Home Indemnity Insurance Rescue Package for builders and consumers, initiated following the collapse of HIH Insurance, and administered by the Insurance Commission of Western Australia. The indirect costs to date have been: · $89,176 – includes audit fees, actuarial fees, legal costs, accounting costs & administration fees related to the workers compensation claims. Staff costs and other resources at the Department of Consumer and Employment Protection have not been separately costed and have been dealt with as part of the Department’s normal operations.
The indirect costs to date have been: · $89,176 – includes audit fees, actuarial fees, legal costs, accounting costs & administration fees related to the workers compensation claims. Staff costs and other resources at the Department of Consumer and Employment Protection have not been separately costed and have been dealt with as part of the Department’s normal operations.
· $89,176 – includes audit fees, actuarial fees, legal costs, accounting costs & administration fees related to the workers compensation claims. Staff costs and other resources at the Department of Consumer and Employment Protection have not been separately costed and have been dealt with as part of the Department’s normal operations.
Staff costs and other resources at the Department of Consumer and Employment Protection have not been separately costed and have been dealt with as part of the Department’s normal operations.
· $36,557,259 – workers compensation claim payments from April 2001 to January 2003. · $228,748 – seven housing indemnity insurance claims under the Government’s Home Indemnity Insurance Rescue Package for builders and consumers, initiated following the collapse of HIH Insurance, and administered by the Insurance Commission of Western Australia. The indirect costs to date have been: · $89,176 – includes audit fees, actuarial fees, legal costs, accounting costs & administration fees related to the workers compensation claims. Staff costs and other resources at the Department of Consumer and Employment Protection have not been separately costed and have been dealt with as part of the Department’s normal operations.
The indirect costs to date have been: · $89,176 – includes audit fees, actuarial fees, legal costs, accounting costs & administration fees related to the workers compensation claims. Staff costs and other resources at the Department of Consumer and Employment Protection have not been separately costed and have been dealt with as part of the Department’s normal operations.
· $89,176 – includes audit fees, actuarial fees, legal costs, accounting costs & administration fees related to the workers compensation claims. Staff costs and other resources at the Department of Consumer and Employment Protection have not been separately costed and have been dealt with as part of the Department’s normal operations.
Staff costs and other resources at the Department of Consumer and Employment Protection have not been separately costed and have been dealt with as part of the Department’s normal operations.
Explore WA Government Data
Search the full archive in the free dashboard, or query programmatically via API.
Explore more
Government Gazette
Appointments, regulatory notices, planning changes.
Hansard
Debates, questions, speeches and sentiment.
Tabled Papers
Reports and documents tabled in Parliament.
Committees
Committee profiles and recent reports.
Regulations
Subsidiary legislation with filters and summaries.
Bills
Proposed laws and parliamentary progress.
Acts
Current WA legislation and summaries.
Explanatory Memoranda
Bills with EMs (text/PDF) available.
Members
MP profiles, party breakdown and rankings.
Pollie Rankings
Data-driven rankings across 19 categories.
Amendment Chains
Track how schemes and regulations evolve over time.