❓ Mr Rundle questions the Treasurer about the failed TAB sale and potential future sales or investment. The Treasurer confirms no further sale attempts are planned and additional investment will prioritise health.
AnsweredQoN 780Legislative Assembly
QuestionView source ↗
TAB — SALE
780. Mr P.J. RUNDLE to the Treasurer:
I refer to the recent failed sale
process for the TAB that has cost the WA taxpayer at least $3.5 million.
(1) Will the
government entertain another sale process in the future with either of the
bidders who expressed an interest?
(2) Has the
Treasurer prepared a submission for the midyear review for greater investment
in the TAB to ensure that it can compete in the market?
780. Mr P.J. RUNDLE to the Treasurer:
I refer to the recent failed sale
process for the TAB that has cost the WA taxpayer at least $3.5 million.
(1) Will the
government entertain another sale process in the future with either of the
bidders who expressed an interest?
(2) Has the
Treasurer prepared a submission for the midyear review for greater investment
in the TAB to ensure that it can compete in the market?
AnswerView source ↗
(1) No, I do not expect that will be the case. We have
engaged in this process twice now, unsuccessfully on both occasions, through
really no fault of the government. It is just the nature of the market at this
point in time. On the first occasion it was because the COVID pandemic
interrupted the sale process. That is what occurred. The TAB will remain in
public ownership; it is self-funding and it will continue to have that model.
(2) Additional investment the government makes through
the midyear review and the like will go into i mportant areas like
health.
engaged in this process twice now, unsuccessfully on both occasions, through
really no fault of the government. It is just the nature of the market at this
point in time. On the first occasion it was because the COVID pandemic
interrupted the sale process. That is what occurred. The TAB will remain in
public ownership; it is self-funding and it will continue to have that model.
(2) Additional investment the government makes through
the midyear review and the like will go into i mportant areas like
health.
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