❓ Dr. Steve Thomas questions the Cook government regarding a $19.5 million grant and a potential $220 million bailout to Griffin Coal, an insolvent and foreign-owned company. The answer provided indicates a lack of readily available information.
AnsweredQoN 64Legislative Council
Asked
29 February 2024
Member
Portfolio
State and Industry Development, Jobs and Trade
QuestionView source ↗
GRIFFIN COAL —
GRANTS
64. Hon Dr STEVE THOMAS to the minister representing the
Minister for State and Industry Development, Jobs and Trade:
I refer to the initial $19.5 million
grant of taxpayer money to insolvent and foreign-owned Griffin Coal on 20 December
2022, with the financial assistance agreement based on requests from receivers
to manage operational expenses.
(1) How was the initial extraordinary figure of $220 million
as a funding stream to insolvent and foreign-o wned Griffin Coal arrived at by the Cook government,
and who or whom within government modelled this figure?
(2) Was the FAA
or process agreement executed on this extraordinary $220 million bailout of
Griffin Coal?
(3) If yes to
(2), who are the signatories and on what date was it signed?
GRANTS
64. Hon Dr STEVE THOMAS to the minister representing the
Minister for State and Industry Development, Jobs and Trade:
I refer to the initial $19.5 million
grant of taxpayer money to insolvent and foreign-owned Griffin Coal on 20 December
2022, with the financial assistance agreement based on requests from receivers
to manage operational expenses.
(1) How was the initial extraordinary figure of $220 million
as a funding stream to insolvent and foreign-o wned Griffin Coal arrived at by the Cook government,
and who or whom within government modelled this figure?
(2) Was the FAA
or process agreement executed on this extraordinary $220 million bailout of
Griffin Coal?
(3) If yes to
(2), who are the signatories and on what date was it signed?
AnswerView source ↗
On behalf of the minister
representing the Minister for State and Industry Development, Jobs and Trade, I
do not seem to have a copy in this file. I will ask everyone else to check. I am
sure someone is watching. If the answer comes in before the end of question
time, I will provide it then.
representing the Minister for State and Industry Development, Jobs and Trade, I
do not seem to have a copy in this file. I will ask everyone else to check. I am
sure someone is watching. If the answer comes in before the end of question
time, I will provide it then.
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