Hon. Kate Doust asks about the progress of the $5 million Construction Subcontractor Financial Assistance Scheme, including the number of claims lodged, approved, and the payout timeline. The Minister responds that assessments are nearly complete and payments are expected to begin in early December 2013.

AnsweredQoN 793Legislative Council
Asked
19 November 2013
Portfolio
Finance

QuestionView source ↗

CONSTRUCTION SUBCONTRACTOR FINANCIAL ASSISTANCE
SCHEME
793. Hon KATE DOUST to the Leader of the House
representing the Minister for Finance:
I refer to the $5 million ex gratia
financial assistance fund for subcontractors administered through RiskCover.
(1) How many
claims have been lodged with RiskCover?
(2) How many
of these claims have been approved?
(3) How much
money is set to be paid as a result of these claims?
(4) When will
this money be paid out to successful applicants?

AnswerView source ↗

I thank the
honourable member for some notice of the question.
(1)–(3) The
assessment process for claims made under the Construction Subcontractor
Financial Assistance Scheme is almost complete and it appears that the total
number of claim payments will be less than the $5 million pool of funds.
(4) Subject to
approved claimants providing the required information, such as their banking
details, the government anticipates that payments will commence in early
December 2013.

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