❓ Question on Notice regarding public investment in the Oakajee port project and concerns about its financial viability and fairness to other iron ore producers. Premier Barnett defends the project, citing national interest and disagreement with economic analysis.
AnsweredQoN 598Legislative Assembly
QuestionView source ↗
OAKAJEE — PUBLIC INVESTMENT
I refer to the report today of the analysis by the senior economist for BIS Shrapnel, Richard Robinson, that the $678 million of taxpayers’ money to be tipped into the Oakajee port would only help the Chinese drive down the price of iron ore and that the public money would be better spent on infrastructure that would benefit Western Australia; and, finally, that Oakajee funding was unfair to all other iron ore producers who are required to fund their own port infrastructure, and that that should be left to the private sector. (1) Will port user charges include a fully commercial rate of return on all taxpayer funds invested in the project? (2) If yes, will those commercial charges apply from day one? (3) Will the Premier table the Treasury advice that he received on this project before he made it WA’s top priority for federal funding? Mr C.J. BARNETT
I refer to the report today of the analysis by the senior economist for BIS Shrapnel, Richard Robinson, that the $678 million of taxpayers’ money to be tipped into the Oakajee port would only help the Chinese drive down the price of iron ore and that the public money would be better spent on infrastructure that would benefit Western Australia; and, finally, that Oakajee funding was unfair to all other iron ore producers who are required to fund their own port infrastructure, and that that should be left to the private sector. (1) Will port user charges include a fully commercial rate of return on all taxpayer funds invested in the project? (2) If yes, will those commercial charges apply from day one? (3) Will the Premier table the Treasury advice that he received on this project before he made it WA’s top priority for federal funding? Mr C.J. BARNETT
AnswerView source ↗
(1)-(3) I will have to talk to Kevin. Ms A.J.G. MacTiernan : No, you will have to explain it. I am trying to help you. A senior economist came out with a scathing critique and I am giving you an opportunity to respond. Mr C.J. BARNETT : Should I sit down while the member asks another question? The SPEAKER : Member for Armadale, I think that the Premier heard the question that you have asked. I would like to hear his answer. Mr C.J. BARNETT : A senior economist. There are a lot of senior economists around. I do not agree with the view of Mr Robinson from BIS Shrapnel. What else does the member want me to say? Ms A.J.G. MacTiernan : I have asked you a specific question. Mr C.J. BARNETT : The assertion that he seems to be making is that somehow China will benefit. Think it through one more step. What would be the situation if China were to own — Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
(1) Will port user charges include a fully commercial rate of return on all taxpayer funds invested in the project? (2) If yes, will those commercial charges apply from day one? (3) Will the Premier table the Treasury advice that he received on this project before he made it WA’s top priority for federal funding? Mr C.J. BARNETT replied: (1)-(3) I will have to talk to Kevin. Ms A.J.G. MacTiernan : No, you will have to explain it. I am trying to help you. A senior economist came out with a scathing critique and I am giving you an opportunity to respond. Mr C.J. BARNETT : Should I sit down while the member asks another question? The SPEAKER : Member for Armadale, I think that the Premier heard the question that you have asked. I would like to hear his answer. Mr C.J. BARNETT : A senior economist. There are a lot of senior economists around. I do not agree with the view of Mr Robinson from BIS Shrapnel. What else does the member want me to say? Ms A.J.G. MacTiernan : I have asked you a specific question. Mr C.J. BARNETT : The assertion that he seems to be making is that somehow China will benefit. Think it through one more step. What would be the situation if China were to own — Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
(2) If yes, will those commercial charges apply from day one? (3) Will the Premier table the Treasury advice that he received on this project before he made it WA’s top priority for federal funding? Mr C.J. BARNETT replied: (1)-(3) I will have to talk to Kevin. Ms A.J.G. MacTiernan : No, you will have to explain it. I am trying to help you. A senior economist came out with a scathing critique and I am giving you an opportunity to respond. Mr C.J. BARNETT : Should I sit down while the member asks another question? The SPEAKER : Member for Armadale, I think that the Premier heard the question that you have asked. I would like to hear his answer. Mr C.J. BARNETT : A senior economist. There are a lot of senior economists around. I do not agree with the view of Mr Robinson from BIS Shrapnel. What else does the member want me to say? Ms A.J.G. MacTiernan : I have asked you a specific question. Mr C.J. BARNETT : The assertion that he seems to be making is that somehow China will benefit. Think it through one more step. What would be the situation if China were to own — Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
(3) Will the Premier table the Treasury advice that he received on this project before he made it WA’s top priority for federal funding? Mr C.J. BARNETT replied: (1)-(3) I will have to talk to Kevin. Ms A.J.G. MacTiernan : No, you will have to explain it. I am trying to help you. A senior economist came out with a scathing critique and I am giving you an opportunity to respond. Mr C.J. BARNETT : Should I sit down while the member asks another question? The SPEAKER : Member for Armadale, I think that the Premier heard the question that you have asked. I would like to hear his answer. Mr C.J. BARNETT : A senior economist. There are a lot of senior economists around. I do not agree with the view of Mr Robinson from BIS Shrapnel. What else does the member want me to say? Ms A.J.G. MacTiernan : I have asked you a specific question. Mr C.J. BARNETT : The assertion that he seems to be making is that somehow China will benefit. Think it through one more step. What would be the situation if China were to own — Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Mr C.J. BARNETT replied: (1)-(3) I will have to talk to Kevin. Ms A.J.G. MacTiernan : No, you will have to explain it. I am trying to help you. A senior economist came out with a scathing critique and I am giving you an opportunity to respond. Mr C.J. BARNETT : Should I sit down while the member asks another question? The SPEAKER : Member for Armadale, I think that the Premier heard the question that you have asked. I would like to hear his answer. Mr C.J. BARNETT : A senior economist. There are a lot of senior economists around. I do not agree with the view of Mr Robinson from BIS Shrapnel. What else does the member want me to say? Ms A.J.G. MacTiernan : I have asked you a specific question. Mr C.J. BARNETT : The assertion that he seems to be making is that somehow China will benefit. Think it through one more step. What would be the situation if China were to own — Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
(1)-(3) I will have to talk to Kevin. Ms A.J.G. MacTiernan : No, you will have to explain it. I am trying to help you. A senior economist came out with a scathing critique and I am giving you an opportunity to respond. Mr C.J. BARNETT : Should I sit down while the member asks another question? The SPEAKER : Member for Armadale, I think that the Premier heard the question that you have asked. I would like to hear his answer. Mr C.J. BARNETT : A senior economist. There are a lot of senior economists around. I do not agree with the view of Mr Robinson from BIS Shrapnel. What else does the member want me to say? Ms A.J.G. MacTiernan : I have asked you a specific question. Mr C.J. BARNETT : The assertion that he seems to be making is that somehow China will benefit. Think it through one more step. What would be the situation if China were to own — Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Ms A.J.G. MacTiernan : No, you will have to explain it. I am trying to help you. A senior economist came out with a scathing critique and I am giving you an opportunity to respond. Mr C.J. BARNETT : Should I sit down while the member asks another question? The SPEAKER : Member for Armadale, I think that the Premier heard the question that you have asked. I would like to hear his answer. Mr C.J. BARNETT : A senior economist. There are a lot of senior economists around. I do not agree with the view of Mr Robinson from BIS Shrapnel. What else does the member want me to say? Ms A.J.G. MacTiernan : I have asked you a specific question. Mr C.J. BARNETT : The assertion that he seems to be making is that somehow China will benefit. Think it through one more step. What would be the situation if China were to own — Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Mr C.J. BARNETT : Should I sit down while the member asks another question? The SPEAKER : Member for Armadale, I think that the Premier heard the question that you have asked. I would like to hear his answer. Mr C.J. BARNETT : A senior economist. There are a lot of senior economists around. I do not agree with the view of Mr Robinson from BIS Shrapnel. What else does the member want me to say? Ms A.J.G. MacTiernan : I have asked you a specific question. Mr C.J. BARNETT : The assertion that he seems to be making is that somehow China will benefit. Think it through one more step. What would be the situation if China were to own — Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
The SPEAKER : Member for Armadale, I think that the Premier heard the question that you have asked. I would like to hear his answer. Mr C.J. BARNETT : A senior economist. There are a lot of senior economists around. I do not agree with the view of Mr Robinson from BIS Shrapnel. What else does the member want me to say? Ms A.J.G. MacTiernan : I have asked you a specific question. Mr C.J. BARNETT : The assertion that he seems to be making is that somehow China will benefit. Think it through one more step. What would be the situation if China were to own — Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Mr C.J. BARNETT : A senior economist. There are a lot of senior economists around. I do not agree with the view of Mr Robinson from BIS Shrapnel. What else does the member want me to say? Ms A.J.G. MacTiernan : I have asked you a specific question. Mr C.J. BARNETT : The assertion that he seems to be making is that somehow China will benefit. Think it through one more step. What would be the situation if China were to own — Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Ms A.J.G. MacTiernan : I have asked you a specific question. Mr C.J. BARNETT : The assertion that he seems to be making is that somehow China will benefit. Think it through one more step. What would be the situation if China were to own — Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Mr C.J. BARNETT : The assertion that he seems to be making is that somehow China will benefit. Think it through one more step. What would be the situation if China were to own — Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
(1) Will port user charges include a fully commercial rate of return on all taxpayer funds invested in the project? (2) If yes, will those commercial charges apply from day one? (3) Will the Premier table the Treasury advice that he received on this project before he made it WA’s top priority for federal funding? Mr C.J. BARNETT replied: (1)-(3) I will have to talk to Kevin. Ms A.J.G. MacTiernan : No, you will have to explain it. I am trying to help you. A senior economist came out with a scathing critique and I am giving you an opportunity to respond. Mr C.J. BARNETT : Should I sit down while the member asks another question? The SPEAKER : Member for Armadale, I think that the Premier heard the question that you have asked. I would like to hear his answer. Mr C.J. BARNETT : A senior economist. There are a lot of senior economists around. I do not agree with the view of Mr Robinson from BIS Shrapnel. What else does the member want me to say? Ms A.J.G. MacTiernan : I have asked you a specific question. Mr C.J. BARNETT : The assertion that he seems to be making is that somehow China will benefit. Think it through one more step. What would be the situation if China were to own — Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
(2) If yes, will those commercial charges apply from day one? (3) Will the Premier table the Treasury advice that he received on this project before he made it WA’s top priority for federal funding? Mr C.J. BARNETT replied: (1)-(3) I will have to talk to Kevin. Ms A.J.G. MacTiernan : No, you will have to explain it. I am trying to help you. A senior economist came out with a scathing critique and I am giving you an opportunity to respond. Mr C.J. BARNETT : Should I sit down while the member asks another question? The SPEAKER : Member for Armadale, I think that the Premier heard the question that you have asked. I would like to hear his answer. Mr C.J. BARNETT : A senior economist. There are a lot of senior economists around. I do not agree with the view of Mr Robinson from BIS Shrapnel. What else does the member want me to say? Ms A.J.G. MacTiernan : I have asked you a specific question. Mr C.J. BARNETT : The assertion that he seems to be making is that somehow China will benefit. Think it through one more step. What would be the situation if China were to own — Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
(3) Will the Premier table the Treasury advice that he received on this project before he made it WA’s top priority for federal funding? Mr C.J. BARNETT replied: (1)-(3) I will have to talk to Kevin. Ms A.J.G. MacTiernan : No, you will have to explain it. I am trying to help you. A senior economist came out with a scathing critique and I am giving you an opportunity to respond. Mr C.J. BARNETT : Should I sit down while the member asks another question? The SPEAKER : Member for Armadale, I think that the Premier heard the question that you have asked. I would like to hear his answer. Mr C.J. BARNETT : A senior economist. There are a lot of senior economists around. I do not agree with the view of Mr Robinson from BIS Shrapnel. What else does the member want me to say? Ms A.J.G. MacTiernan : I have asked you a specific question. Mr C.J. BARNETT : The assertion that he seems to be making is that somehow China will benefit. Think it through one more step. What would be the situation if China were to own — Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Mr C.J. BARNETT replied: (1)-(3) I will have to talk to Kevin. Ms A.J.G. MacTiernan : No, you will have to explain it. I am trying to help you. A senior economist came out with a scathing critique and I am giving you an opportunity to respond. Mr C.J. BARNETT : Should I sit down while the member asks another question? The SPEAKER : Member for Armadale, I think that the Premier heard the question that you have asked. I would like to hear his answer. Mr C.J. BARNETT : A senior economist. There are a lot of senior economists around. I do not agree with the view of Mr Robinson from BIS Shrapnel. What else does the member want me to say? Ms A.J.G. MacTiernan : I have asked you a specific question. Mr C.J. BARNETT : The assertion that he seems to be making is that somehow China will benefit. Think it through one more step. What would be the situation if China were to own — Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
(1)-(3) I will have to talk to Kevin. Ms A.J.G. MacTiernan : No, you will have to explain it. I am trying to help you. A senior economist came out with a scathing critique and I am giving you an opportunity to respond. Mr C.J. BARNETT : Should I sit down while the member asks another question? The SPEAKER : Member for Armadale, I think that the Premier heard the question that you have asked. I would like to hear his answer. Mr C.J. BARNETT : A senior economist. There are a lot of senior economists around. I do not agree with the view of Mr Robinson from BIS Shrapnel. What else does the member want me to say? Ms A.J.G. MacTiernan : I have asked you a specific question. Mr C.J. BARNETT : The assertion that he seems to be making is that somehow China will benefit. Think it through one more step. What would be the situation if China were to own — Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Ms A.J.G. MacTiernan : No, you will have to explain it. I am trying to help you. A senior economist came out with a scathing critique and I am giving you an opportunity to respond. Mr C.J. BARNETT : Should I sit down while the member asks another question? The SPEAKER : Member for Armadale, I think that the Premier heard the question that you have asked. I would like to hear his answer. Mr C.J. BARNETT : A senior economist. There are a lot of senior economists around. I do not agree with the view of Mr Robinson from BIS Shrapnel. What else does the member want me to say? Ms A.J.G. MacTiernan : I have asked you a specific question. Mr C.J. BARNETT : The assertion that he seems to be making is that somehow China will benefit. Think it through one more step. What would be the situation if China were to own — Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Mr C.J. BARNETT : Should I sit down while the member asks another question? The SPEAKER : Member for Armadale, I think that the Premier heard the question that you have asked. I would like to hear his answer. Mr C.J. BARNETT : A senior economist. There are a lot of senior economists around. I do not agree with the view of Mr Robinson from BIS Shrapnel. What else does the member want me to say? Ms A.J.G. MacTiernan : I have asked you a specific question. Mr C.J. BARNETT : The assertion that he seems to be making is that somehow China will benefit. Think it through one more step. What would be the situation if China were to own — Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
The SPEAKER : Member for Armadale, I think that the Premier heard the question that you have asked. I would like to hear his answer. Mr C.J. BARNETT : A senior economist. There are a lot of senior economists around. I do not agree with the view of Mr Robinson from BIS Shrapnel. What else does the member want me to say? Ms A.J.G. MacTiernan : I have asked you a specific question. Mr C.J. BARNETT : The assertion that he seems to be making is that somehow China will benefit. Think it through one more step. What would be the situation if China were to own — Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Mr C.J. BARNETT : A senior economist. There are a lot of senior economists around. I do not agree with the view of Mr Robinson from BIS Shrapnel. What else does the member want me to say? Ms A.J.G. MacTiernan : I have asked you a specific question. Mr C.J. BARNETT : The assertion that he seems to be making is that somehow China will benefit. Think it through one more step. What would be the situation if China were to own — Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Ms A.J.G. MacTiernan : I have asked you a specific question. Mr C.J. BARNETT : The assertion that he seems to be making is that somehow China will benefit. Think it through one more step. What would be the situation if China were to own — Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Mr C.J. BARNETT : The assertion that he seems to be making is that somehow China will benefit. Think it through one more step. What would be the situation if China were to own — Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Ms A.J.G. MacTiernan : Is this a commercial proposition? Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Mr C.J. BARNETT : I am happy to answer the question. Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Mr M. McGowan : Answer the three questions. Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Mr C.J. BARNETT : Wow! Is the member not a little gun today! Let us look at it. If China — Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Several members interjected. The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
The SPEAKER : Member for Collie-Preston, I formally call you to order for the first time. Once again, members on both sides, there is a genuine interest by the person asking the question. Member for Armadale, I believe the Premier was attempting to answer the question and some people on your side might want to remain silent while the Premier endeavours to do that. I am looking forward to his answer to this question. Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Mr P.B. Watson interjected. The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
The SPEAKER : Member for Albany, I formally call you to order for the third time. Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
Mr C.J. BARNETT : I do not agree with the expression of the senior economist from BIS Shrapnel. He has an opinion; I have a different opinion. The Prime Minister shares my opinion—that counts for something. In fact it counted for nearly $380 million of federal government money, with our money. Think of an alternative scenario, which obviously the member did not. If China and China Inc, if we like, were to own the mine, the railway and the port, and be the purchaser, then I suggest they would have a far stronger not only monopoly but monopsony power over the total iron ore resource of the mid-west. By the state, with the assistance of the commonwealth, owning the critical piece of infrastructure—that is, the outer harbour—we will protect this state’s and this nation’s interests in the development of that iron ore.
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