❓ Dr. Steve Thomas questions the Minister regarding the allocation of taxpayer funds to the receivers and managers of the insolvent Griffin Coal, specifically seeking details on drawdown amounts, dates, purposes, and acquittal processes. The Minister provides some drawdown details and states funding is for essential operations.
AnsweredQoN 639Legislative Council
QuestionView source ↗
GRIFFIN COAL —
GRANTS
639. Hon Dr STEVE THOMAS to the minister representing the
Minister for State and Industry Development, Jobs and Trade:
(1) As at 29 May
2024, how much fiscal drawdown of the non-recoverable ''grant''
has been directed to the receivers and managers of the insolvent Griffin Coal
company?
(2) On what dates
did the drawdowns occur, what were the specific amounts and for what itemised
purpose or service rendered?
(3) To what entity, individual,
business or contractor were the payments made?
(4) Will the
minister detail the acquittal process that the receivers and managers adhere to
in the spending of the non-recoverable, taxpayer-funded grant and the scope of
works that are deemed eligible to receive grant funds?
(5) If no to (4) why not?
GRANTS
639. Hon Dr STEVE THOMAS to the minister representing the
Minister for State and Industry Development, Jobs and Trade:
(1) As at 29 May
2024, how much fiscal drawdown of the non-recoverable ''grant''
has been directed to the receivers and managers of the insolvent Griffin Coal
company?
(2) On what dates
did the drawdowns occur, what were the specific amounts and for what itemised
purpose or service rendered?
(3) To what entity, individual,
business or contractor were the payments made?
(4) Will the
minister detail the acquittal process that the receivers and managers adhere to
in the spending of the non-recoverable, taxpayer-funded grant and the scope of
works that are deemed eligible to receive grant funds?
(5) If no to (4) why not?
AnswerView source ↗
I thank the honourable member for
some notice of the question. The minister has provided the following response.
(1) The receivers
and managers of Griffin Coal have been provided $77.5 million to ensure
essential ongoing operations to secure the electricity system and protect
Collie jobs.
Hon Dr Steve Thomas interjected.
Hon STEPHEN
DAWSON : Is the member listening to me or not? I will continue.
(2) Since the
previous update provided on 27 February 2024, the following drawdowns have
occurred: $9.3 million on 28 February 2024; $7 million on 5 April 2024; and
$10.7 million on 8 May 2024.
(3) Payments were
made to the receivers and managers of Griffin Coal.
(4)–(5) There
are a number of terms under the process agreement that receivers and managers
must meet in order to receive funds, including meeting reporting requirements.
Funding is provided for the essential ongoing operations of the mine, including
labour, fuel and maintenance, that are not covered by revenue generated.
some notice of the question. The minister has provided the following response.
(1) The receivers
and managers of Griffin Coal have been provided $77.5 million to ensure
essential ongoing operations to secure the electricity system and protect
Collie jobs.
Hon Dr Steve Thomas interjected.
Hon STEPHEN
DAWSON : Is the member listening to me or not? I will continue.
(2) Since the
previous update provided on 27 February 2024, the following drawdowns have
occurred: $9.3 million on 28 February 2024; $7 million on 5 April 2024; and
$10.7 million on 8 May 2024.
(3) Payments were
made to the receivers and managers of Griffin Coal.
(4)–(5) There
are a number of terms under the process agreement that receivers and managers
must meet in order to receive funds, including meeting reporting requirements.
Funding is provided for the essential ongoing operations of the mine, including
labour, fuel and maintenance, that are not covered by revenue generated.
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