❓ Dr. Steve Thomas questions the engagement of Ad Astra Corporate Advisory by the WA government regarding negotiations with Griffin Coal's receivers. The Minister provides details on the appointment process, terms, and contract details.
AnsweredQoN 729Legislative Council
QuestionView source ↗
GRIFFIN COAL —
AD ASTRA CORPORATE ADVISORY
729. Hon Dr STEVE THOMAS to the minister representing the
Minister for State and Industry Development, Jobs and Trade:
I refer to the Minister for State
and Industry Development, Jobs and Trade's confirmation that Ad Astra
Corporate Advisory has been engaged by the government to assist with
negotiations with Griffin Coal's receivers, managers and lenders.
(1) On what date
was Ad Astra Corporate Advisory appointed by the state?
(2) What is the
term or time frame of their contractual engagement, and what is the scope and
delegated authority they wield in their negotiations with Griffin?
(3) What is the
financial value of their contractual engagement with the state, and what key
performance indicators are associated with their contract?
(4) Will the
minister table the contract between Ad Astra Corporate Advisory and the state
government to the house; and, if not, why not?
AD ASTRA CORPORATE ADVISORY
729. Hon Dr STEVE THOMAS to the minister representing the
Minister for State and Industry Development, Jobs and Trade:
I refer to the Minister for State
and Industry Development, Jobs and Trade's confirmation that Ad Astra
Corporate Advisory has been engaged by the government to assist with
negotiations with Griffin Coal's receivers, managers and lenders.
(1) On what date
was Ad Astra Corporate Advisory appointed by the state?
(2) What is the
term or time frame of their contractual engagement, and what is the scope and
delegated authority they wield in their negotiations with Griffin?
(3) What is the
financial value of their contractual engagement with the state, and what key
performance indicators are associated with their contract?
(4) Will the
minister table the contract between Ad Astra Corporate Advisory and the state
government to the house; and, if not, why not?
AnswerView source ↗
I thank the Leader of the Opposition
for some notice of the question. When he gets this, it does say (1)–(2),
but it should say (1)–(4).
(1)–(4) Ad
Astra Corporate Advisory was a successful tenderer in Treasury's public
commercial and economic advisory service panel tender, TREAS20010. The tender
was released publicly on 14 July 2020. The letter of engagement for this work
order was signed by Ad Astra Corporate Advisory on 5 April 2023.
There
is no fixed term under this engagement, as is common for contracts involving
negotiations, as the work is heavily dependent on the issues that arise
and the level of cooperation of the counterparties. The appointment is for an hourly rate, according to the commercial and
economic advisory services panel contract.
for some notice of the question. When he gets this, it does say (1)–(2),
but it should say (1)–(4).
(1)–(4) Ad
Astra Corporate Advisory was a successful tenderer in Treasury's public
commercial and economic advisory service panel tender, TREAS20010. The tender
was released publicly on 14 July 2020. The letter of engagement for this work
order was signed by Ad Astra Corporate Advisory on 5 April 2023.
There
is no fixed term under this engagement, as is common for contracts involving
negotiations, as the work is heavily dependent on the issues that arise
and the level of cooperation of the counterparties. The appointment is for an hourly rate, according to the commercial and
economic advisory services panel contract.
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