❓ Mr. Day questions the Minister for Energy about Verve Energy's expected loss, accusing him of concealment. The Minister claims he hasn't received the figures and deflects by comparing dividend returns under the current and previous governments, leading to heated exchanges.
AnsweredQoN 145Legislative Assembly
QuestionView source ↗
VERVE ENERGY — LOSS FORECAST
I have a supplementary question. Has the minister received any advice or indication as to Verve’s expected loss for the full financial year; and, if not, why is the minister trying to conceal information from this Parliament? The SPEAKER : I ask the member to take his seat. The minister can answer the first part of the question. Mr F.M. LOGAN
I have a supplementary question. Has the minister received any advice or indication as to Verve’s expected loss for the full financial year; and, if not, why is the minister trying to conceal information from this Parliament? The SPEAKER : I ask the member to take his seat. The minister can answer the first part of the question. Mr F.M. LOGAN
AnswerView source ↗
I just answered the first part of the question for the member for Darling Range. I told him that I have not received the figures and that he will probably receive that information in the third quarterly report from Verve. However, that is the sort of information that goes into the budget process and we would not be telling him anyway. Mr J.H.D. Day : You are not doing your job. You might not want to tell me but the people of WA want to know. Mr F.M. LOGAN : With respect to losses, profits and dividends—this is a courtesy to the member for Cottesloe—when dividends from the four utilities are re-aggregated, given back to government and compared with the dividends that were returned to the state in the last year of the previous coalition government in 2000-01, the aggregated dividend returned to the state for the four utilities after disaggregation was $95.35 million in 2005-06 and $116.4 million in 2006-07; that is, assuming we re-aggregated all the utilities and received a dividend return from one organisation. Mr J.H.D. Day : You are going to try to bury it in the budget; are you? Mr F.M. LOGAN : Does the member for Darling Range know what it was under the leadership of the worst Minister for Energy this state has ever seen—the member for Cottesloe? Mr J.H.D. Day : Hardly! What a joke! No-one believes that! You have just completely shot your credibility! Mr F.M. LOGAN : In the last year of the member for Cottesloe’s sorry reign the dividend return was $73.9 million. What a genius! When we start looking at re-aggregation of dividend returns to the state, even after disaggregation we are still better off than we were under the opposition.
The SPEAKER : I ask the member to take his seat. The minister can answer the first part of the question. Mr F.M. LOGAN replied: I just answered the first part of the question for the member for Darling Range. I told him that I have not received the figures and that he will probably receive that information in the third quarterly report from Verve. However, that is the sort of information that goes into the budget process and we would not be telling him anyway. Mr J.H.D. Day : You are not doing your job. You might not want to tell me but the people of WA want to know. Mr F.M. LOGAN : With respect to losses, profits and dividends—this is a courtesy to the member for Cottesloe—when dividends from the four utilities are re-aggregated, given back to government and compared with the dividends that were returned to the state in the last year of the previous coalition government in 2000-01, the aggregated dividend returned to the state for the four utilities after disaggregation was $95.35 million in 2005-06 and $116.4 million in 2006-07; that is, assuming we re-aggregated all the utilities and received a dividend return from one organisation. Mr J.H.D. Day : You are going to try to bury it in the budget; are you? Mr F.M. LOGAN : Does the member for Darling Range know what it was under the leadership of the worst Minister for Energy this state has ever seen—the member for Cottesloe? Mr J.H.D. Day : Hardly! What a joke! No-one believes that! You have just completely shot your credibility! Mr F.M. LOGAN : In the last year of the member for Cottesloe’s sorry reign the dividend return was $73.9 million. What a genius! When we start looking at re-aggregation of dividend returns to the state, even after disaggregation we are still better off than we were under the opposition.
Mr F.M. LOGAN replied: I just answered the first part of the question for the member for Darling Range. I told him that I have not received the figures and that he will probably receive that information in the third quarterly report from Verve. However, that is the sort of information that goes into the budget process and we would not be telling him anyway. Mr J.H.D. Day : You are not doing your job. You might not want to tell me but the people of WA want to know. Mr F.M. LOGAN : With respect to losses, profits and dividends—this is a courtesy to the member for Cottesloe—when dividends from the four utilities are re-aggregated, given back to government and compared with the dividends that were returned to the state in the last year of the previous coalition government in 2000-01, the aggregated dividend returned to the state for the four utilities after disaggregation was $95.35 million in 2005-06 and $116.4 million in 2006-07; that is, assuming we re-aggregated all the utilities and received a dividend return from one organisation. Mr J.H.D. Day : You are going to try to bury it in the budget; are you? Mr F.M. LOGAN : Does the member for Darling Range know what it was under the leadership of the worst Minister for Energy this state has ever seen—the member for Cottesloe? Mr J.H.D. Day : Hardly! What a joke! No-one believes that! You have just completely shot your credibility! Mr F.M. LOGAN : In the last year of the member for Cottesloe’s sorry reign the dividend return was $73.9 million. What a genius! When we start looking at re-aggregation of dividend returns to the state, even after disaggregation we are still better off than we were under the opposition.
I just answered the first part of the question for the member for Darling Range. I told him that I have not received the figures and that he will probably receive that information in the third quarterly report from Verve. However, that is the sort of information that goes into the budget process and we would not be telling him anyway. Mr J.H.D. Day : You are not doing your job. You might not want to tell me but the people of WA want to know. Mr F.M. LOGAN : With respect to losses, profits and dividends—this is a courtesy to the member for Cottesloe—when dividends from the four utilities are re-aggregated, given back to government and compared with the dividends that were returned to the state in the last year of the previous coalition government in 2000-01, the aggregated dividend returned to the state for the four utilities after disaggregation was $95.35 million in 2005-06 and $116.4 million in 2006-07; that is, assuming we re-aggregated all the utilities and received a dividend return from one organisation. Mr J.H.D. Day : You are going to try to bury it in the budget; are you? Mr F.M. LOGAN : Does the member for Darling Range know what it was under the leadership of the worst Minister for Energy this state has ever seen—the member for Cottesloe? Mr J.H.D. Day : Hardly! What a joke! No-one believes that! You have just completely shot your credibility! Mr F.M. LOGAN : In the last year of the member for Cottesloe’s sorry reign the dividend return was $73.9 million. What a genius! When we start looking at re-aggregation of dividend returns to the state, even after disaggregation we are still better off than we were under the opposition.
Mr J.H.D. Day : You are not doing your job. You might not want to tell me but the people of WA want to know. Mr F.M. LOGAN : With respect to losses, profits and dividends—this is a courtesy to the member for Cottesloe—when dividends from the four utilities are re-aggregated, given back to government and compared with the dividends that were returned to the state in the last year of the previous coalition government in 2000-01, the aggregated dividend returned to the state for the four utilities after disaggregation was $95.35 million in 2005-06 and $116.4 million in 2006-07; that is, assuming we re-aggregated all the utilities and received a dividend return from one organisation. Mr J.H.D. Day : You are going to try to bury it in the budget; are you? Mr F.M. LOGAN : Does the member for Darling Range know what it was under the leadership of the worst Minister for Energy this state has ever seen—the member for Cottesloe? Mr J.H.D. Day : Hardly! What a joke! No-one believes that! You have just completely shot your credibility! Mr F.M. LOGAN : In the last year of the member for Cottesloe’s sorry reign the dividend return was $73.9 million. What a genius! When we start looking at re-aggregation of dividend returns to the state, even after disaggregation we are still better off than we were under the opposition.
Mr F.M. LOGAN : With respect to losses, profits and dividends—this is a courtesy to the member for Cottesloe—when dividends from the four utilities are re-aggregated, given back to government and compared with the dividends that were returned to the state in the last year of the previous coalition government in 2000-01, the aggregated dividend returned to the state for the four utilities after disaggregation was $95.35 million in 2005-06 and $116.4 million in 2006-07; that is, assuming we re-aggregated all the utilities and received a dividend return from one organisation. Mr J.H.D. Day : You are going to try to bury it in the budget; are you? Mr F.M. LOGAN : Does the member for Darling Range know what it was under the leadership of the worst Minister for Energy this state has ever seen—the member for Cottesloe? Mr J.H.D. Day : Hardly! What a joke! No-one believes that! You have just completely shot your credibility! Mr F.M. LOGAN : In the last year of the member for Cottesloe’s sorry reign the dividend return was $73.9 million. What a genius! When we start looking at re-aggregation of dividend returns to the state, even after disaggregation we are still better off than we were under the opposition.
Mr J.H.D. Day : You are going to try to bury it in the budget; are you? Mr F.M. LOGAN : Does the member for Darling Range know what it was under the leadership of the worst Minister for Energy this state has ever seen—the member for Cottesloe? Mr J.H.D. Day : Hardly! What a joke! No-one believes that! You have just completely shot your credibility! Mr F.M. LOGAN : In the last year of the member for Cottesloe’s sorry reign the dividend return was $73.9 million. What a genius! When we start looking at re-aggregation of dividend returns to the state, even after disaggregation we are still better off than we were under the opposition.
Mr F.M. LOGAN : Does the member for Darling Range know what it was under the leadership of the worst Minister for Energy this state has ever seen—the member for Cottesloe? Mr J.H.D. Day : Hardly! What a joke! No-one believes that! You have just completely shot your credibility! Mr F.M. LOGAN : In the last year of the member for Cottesloe’s sorry reign the dividend return was $73.9 million. What a genius! When we start looking at re-aggregation of dividend returns to the state, even after disaggregation we are still better off than we were under the opposition.
Mr J.H.D. Day : Hardly! What a joke! No-one believes that! You have just completely shot your credibility! Mr F.M. LOGAN : In the last year of the member for Cottesloe’s sorry reign the dividend return was $73.9 million. What a genius! When we start looking at re-aggregation of dividend returns to the state, even after disaggregation we are still better off than we were under the opposition.
Mr F.M. LOGAN : In the last year of the member for Cottesloe’s sorry reign the dividend return was $73.9 million. What a genius! When we start looking at re-aggregation of dividend returns to the state, even after disaggregation we are still better off than we were under the opposition.
The SPEAKER : I ask the member to take his seat. The minister can answer the first part of the question. Mr F.M. LOGAN replied: I just answered the first part of the question for the member for Darling Range. I told him that I have not received the figures and that he will probably receive that information in the third quarterly report from Verve. However, that is the sort of information that goes into the budget process and we would not be telling him anyway. Mr J.H.D. Day : You are not doing your job. You might not want to tell me but the people of WA want to know. Mr F.M. LOGAN : With respect to losses, profits and dividends—this is a courtesy to the member for Cottesloe—when dividends from the four utilities are re-aggregated, given back to government and compared with the dividends that were returned to the state in the last year of the previous coalition government in 2000-01, the aggregated dividend returned to the state for the four utilities after disaggregation was $95.35 million in 2005-06 and $116.4 million in 2006-07; that is, assuming we re-aggregated all the utilities and received a dividend return from one organisation. Mr J.H.D. Day : You are going to try to bury it in the budget; are you? Mr F.M. LOGAN : Does the member for Darling Range know what it was under the leadership of the worst Minister for Energy this state has ever seen—the member for Cottesloe? Mr J.H.D. Day : Hardly! What a joke! No-one believes that! You have just completely shot your credibility! Mr F.M. LOGAN : In the last year of the member for Cottesloe’s sorry reign the dividend return was $73.9 million. What a genius! When we start looking at re-aggregation of dividend returns to the state, even after disaggregation we are still better off than we were under the opposition.
Mr F.M. LOGAN replied: I just answered the first part of the question for the member for Darling Range. I told him that I have not received the figures and that he will probably receive that information in the third quarterly report from Verve. However, that is the sort of information that goes into the budget process and we would not be telling him anyway. Mr J.H.D. Day : You are not doing your job. You might not want to tell me but the people of WA want to know. Mr F.M. LOGAN : With respect to losses, profits and dividends—this is a courtesy to the member for Cottesloe—when dividends from the four utilities are re-aggregated, given back to government and compared with the dividends that were returned to the state in the last year of the previous coalition government in 2000-01, the aggregated dividend returned to the state for the four utilities after disaggregation was $95.35 million in 2005-06 and $116.4 million in 2006-07; that is, assuming we re-aggregated all the utilities and received a dividend return from one organisation. Mr J.H.D. Day : You are going to try to bury it in the budget; are you? Mr F.M. LOGAN : Does the member for Darling Range know what it was under the leadership of the worst Minister for Energy this state has ever seen—the member for Cottesloe? Mr J.H.D. Day : Hardly! What a joke! No-one believes that! You have just completely shot your credibility! Mr F.M. LOGAN : In the last year of the member for Cottesloe’s sorry reign the dividend return was $73.9 million. What a genius! When we start looking at re-aggregation of dividend returns to the state, even after disaggregation we are still better off than we were under the opposition.
I just answered the first part of the question for the member for Darling Range. I told him that I have not received the figures and that he will probably receive that information in the third quarterly report from Verve. However, that is the sort of information that goes into the budget process and we would not be telling him anyway. Mr J.H.D. Day : You are not doing your job. You might not want to tell me but the people of WA want to know. Mr F.M. LOGAN : With respect to losses, profits and dividends—this is a courtesy to the member for Cottesloe—when dividends from the four utilities are re-aggregated, given back to government and compared with the dividends that were returned to the state in the last year of the previous coalition government in 2000-01, the aggregated dividend returned to the state for the four utilities after disaggregation was $95.35 million in 2005-06 and $116.4 million in 2006-07; that is, assuming we re-aggregated all the utilities and received a dividend return from one organisation. Mr J.H.D. Day : You are going to try to bury it in the budget; are you? Mr F.M. LOGAN : Does the member for Darling Range know what it was under the leadership of the worst Minister for Energy this state has ever seen—the member for Cottesloe? Mr J.H.D. Day : Hardly! What a joke! No-one believes that! You have just completely shot your credibility! Mr F.M. LOGAN : In the last year of the member for Cottesloe’s sorry reign the dividend return was $73.9 million. What a genius! When we start looking at re-aggregation of dividend returns to the state, even after disaggregation we are still better off than we were under the opposition.
Mr J.H.D. Day : You are not doing your job. You might not want to tell me but the people of WA want to know. Mr F.M. LOGAN : With respect to losses, profits and dividends—this is a courtesy to the member for Cottesloe—when dividends from the four utilities are re-aggregated, given back to government and compared with the dividends that were returned to the state in the last year of the previous coalition government in 2000-01, the aggregated dividend returned to the state for the four utilities after disaggregation was $95.35 million in 2005-06 and $116.4 million in 2006-07; that is, assuming we re-aggregated all the utilities and received a dividend return from one organisation. Mr J.H.D. Day : You are going to try to bury it in the budget; are you? Mr F.M. LOGAN : Does the member for Darling Range know what it was under the leadership of the worst Minister for Energy this state has ever seen—the member for Cottesloe? Mr J.H.D. Day : Hardly! What a joke! No-one believes that! You have just completely shot your credibility! Mr F.M. LOGAN : In the last year of the member for Cottesloe’s sorry reign the dividend return was $73.9 million. What a genius! When we start looking at re-aggregation of dividend returns to the state, even after disaggregation we are still better off than we were under the opposition.
Mr F.M. LOGAN : With respect to losses, profits and dividends—this is a courtesy to the member for Cottesloe—when dividends from the four utilities are re-aggregated, given back to government and compared with the dividends that were returned to the state in the last year of the previous coalition government in 2000-01, the aggregated dividend returned to the state for the four utilities after disaggregation was $95.35 million in 2005-06 and $116.4 million in 2006-07; that is, assuming we re-aggregated all the utilities and received a dividend return from one organisation. Mr J.H.D. Day : You are going to try to bury it in the budget; are you? Mr F.M. LOGAN : Does the member for Darling Range know what it was under the leadership of the worst Minister for Energy this state has ever seen—the member for Cottesloe? Mr J.H.D. Day : Hardly! What a joke! No-one believes that! You have just completely shot your credibility! Mr F.M. LOGAN : In the last year of the member for Cottesloe’s sorry reign the dividend return was $73.9 million. What a genius! When we start looking at re-aggregation of dividend returns to the state, even after disaggregation we are still better off than we were under the opposition.
Mr J.H.D. Day : You are going to try to bury it in the budget; are you? Mr F.M. LOGAN : Does the member for Darling Range know what it was under the leadership of the worst Minister for Energy this state has ever seen—the member for Cottesloe? Mr J.H.D. Day : Hardly! What a joke! No-one believes that! You have just completely shot your credibility! Mr F.M. LOGAN : In the last year of the member for Cottesloe’s sorry reign the dividend return was $73.9 million. What a genius! When we start looking at re-aggregation of dividend returns to the state, even after disaggregation we are still better off than we were under the opposition.
Mr F.M. LOGAN : Does the member for Darling Range know what it was under the leadership of the worst Minister for Energy this state has ever seen—the member for Cottesloe? Mr J.H.D. Day : Hardly! What a joke! No-one believes that! You have just completely shot your credibility! Mr F.M. LOGAN : In the last year of the member for Cottesloe’s sorry reign the dividend return was $73.9 million. What a genius! When we start looking at re-aggregation of dividend returns to the state, even after disaggregation we are still better off than we were under the opposition.
Mr J.H.D. Day : Hardly! What a joke! No-one believes that! You have just completely shot your credibility! Mr F.M. LOGAN : In the last year of the member for Cottesloe’s sorry reign the dividend return was $73.9 million. What a genius! When we start looking at re-aggregation of dividend returns to the state, even after disaggregation we are still better off than we were under the opposition.
Mr F.M. LOGAN : In the last year of the member for Cottesloe’s sorry reign the dividend return was $73.9 million. What a genius! When we start looking at re-aggregation of dividend returns to the state, even after disaggregation we are still better off than we were under the opposition.
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