❓ A parliamentary question regarding Western Power's financial transactions, specifically whether funds are being transferred to the government or used to increase the asset base. The exchange is heated, with interruptions and disagreements over the interpretation of financial data.
AnsweredQoN 305Legislative Assembly
QuestionView source ↗
I have a supplementary question. Is the minister saying that instead of paying money to the government, it is increasing the asset base of Western Power? Dr M.D. NAHAN
AnswerView source ↗
No, the member and his ETU — Mr W.J. Johnston : That is exactly what you are saying. It is one or the other. Dr M.D. NAHAN : No, in his reply to the budget speech, the Leader of the Opposition — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : The member asked me a question. Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington, I call you to order for the first time. You are not helping the situation. Dr M.D. NAHAN : The member asked me a question: does the general government sector receive income tax equivalents? No. I answered no; I said no. The opposition leader concocted a story of $514 million in 2014–15 being transferred to the general government sector from Western Power, and that included an income tax payment. That is not transferred through, so the opposition is concocting the whole story. This is a serious issue. These people have stood up here and one of the major reasons they say that we should not consider the sale of Western Power is the claim of $514 million—and they got it wrong. Mr W.J. Johnston : No, we didn’t. Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN replied: No, the member and his ETU — Mr W.J. Johnston : That is exactly what you are saying. It is one or the other. Dr M.D. NAHAN : No, in his reply to the budget speech, the Leader of the Opposition — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : The member asked me a question. Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington, I call you to order for the first time. You are not helping the situation. Dr M.D. NAHAN : The member asked me a question: does the general government sector receive income tax equivalents? No. I answered no; I said no. The opposition leader concocted a story of $514 million in 2014–15 being transferred to the general government sector from Western Power, and that included an income tax payment. That is not transferred through, so the opposition is concocting the whole story. This is a serious issue. These people have stood up here and one of the major reasons they say that we should not consider the sale of Western Power is the claim of $514 million—and they got it wrong. Mr W.J. Johnston : No, we didn’t. Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
No, the member and his ETU — Mr W.J. Johnston : That is exactly what you are saying. It is one or the other. Dr M.D. NAHAN : No, in his reply to the budget speech, the Leader of the Opposition — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : The member asked me a question. Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington, I call you to order for the first time. You are not helping the situation. Dr M.D. NAHAN : The member asked me a question: does the general government sector receive income tax equivalents? No. I answered no; I said no. The opposition leader concocted a story of $514 million in 2014–15 being transferred to the general government sector from Western Power, and that included an income tax payment. That is not transferred through, so the opposition is concocting the whole story. This is a serious issue. These people have stood up here and one of the major reasons they say that we should not consider the sale of Western Power is the claim of $514 million—and they got it wrong. Mr W.J. Johnston : No, we didn’t. Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston : That is exactly what you are saying. It is one or the other. Dr M.D. NAHAN : No, in his reply to the budget speech, the Leader of the Opposition — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : The member asked me a question. Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington, I call you to order for the first time. You are not helping the situation. Dr M.D. NAHAN : The member asked me a question: does the general government sector receive income tax equivalents? No. I answered no; I said no. The opposition leader concocted a story of $514 million in 2014–15 being transferred to the general government sector from Western Power, and that included an income tax payment. That is not transferred through, so the opposition is concocting the whole story. This is a serious issue. These people have stood up here and one of the major reasons they say that we should not consider the sale of Western Power is the claim of $514 million—and they got it wrong. Mr W.J. Johnston : No, we didn’t. Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : No, in his reply to the budget speech, the Leader of the Opposition — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : The member asked me a question. Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington, I call you to order for the first time. You are not helping the situation. Dr M.D. NAHAN : The member asked me a question: does the general government sector receive income tax equivalents? No. I answered no; I said no. The opposition leader concocted a story of $514 million in 2014–15 being transferred to the general government sector from Western Power, and that included an income tax payment. That is not transferred through, so the opposition is concocting the whole story. This is a serious issue. These people have stood up here and one of the major reasons they say that we should not consider the sale of Western Power is the claim of $514 million—and they got it wrong. Mr W.J. Johnston : No, we didn’t. Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : The member asked me a question. Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington, I call you to order for the first time. You are not helping the situation. Dr M.D. NAHAN : The member asked me a question: does the general government sector receive income tax equivalents? No. I answered no; I said no. The opposition leader concocted a story of $514 million in 2014–15 being transferred to the general government sector from Western Power, and that included an income tax payment. That is not transferred through, so the opposition is concocting the whole story. This is a serious issue. These people have stood up here and one of the major reasons they say that we should not consider the sale of Western Power is the claim of $514 million—and they got it wrong. Mr W.J. Johnston : No, we didn’t. Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
The SPEAKER : Member for Cannington! Dr M.D. NAHAN : The member asked me a question. Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington, I call you to order for the first time. You are not helping the situation. Dr M.D. NAHAN : The member asked me a question: does the general government sector receive income tax equivalents? No. I answered no; I said no. The opposition leader concocted a story of $514 million in 2014–15 being transferred to the general government sector from Western Power, and that included an income tax payment. That is not transferred through, so the opposition is concocting the whole story. This is a serious issue. These people have stood up here and one of the major reasons they say that we should not consider the sale of Western Power is the claim of $514 million—and they got it wrong. Mr W.J. Johnston : No, we didn’t. Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : The member asked me a question. Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington, I call you to order for the first time. You are not helping the situation. Dr M.D. NAHAN : The member asked me a question: does the general government sector receive income tax equivalents? No. I answered no; I said no. The opposition leader concocted a story of $514 million in 2014–15 being transferred to the general government sector from Western Power, and that included an income tax payment. That is not transferred through, so the opposition is concocting the whole story. This is a serious issue. These people have stood up here and one of the major reasons they say that we should not consider the sale of Western Power is the claim of $514 million—and they got it wrong. Mr W.J. Johnston : No, we didn’t. Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington, I call you to order for the first time. You are not helping the situation. Dr M.D. NAHAN : The member asked me a question: does the general government sector receive income tax equivalents? No. I answered no; I said no. The opposition leader concocted a story of $514 million in 2014–15 being transferred to the general government sector from Western Power, and that included an income tax payment. That is not transferred through, so the opposition is concocting the whole story. This is a serious issue. These people have stood up here and one of the major reasons they say that we should not consider the sale of Western Power is the claim of $514 million—and they got it wrong. Mr W.J. Johnston : No, we didn’t. Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
The SPEAKER : Member for Cannington, I call you to order for the first time. You are not helping the situation. Dr M.D. NAHAN : The member asked me a question: does the general government sector receive income tax equivalents? No. I answered no; I said no. The opposition leader concocted a story of $514 million in 2014–15 being transferred to the general government sector from Western Power, and that included an income tax payment. That is not transferred through, so the opposition is concocting the whole story. This is a serious issue. These people have stood up here and one of the major reasons they say that we should not consider the sale of Western Power is the claim of $514 million—and they got it wrong. Mr W.J. Johnston : No, we didn’t. Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : The member asked me a question: does the general government sector receive income tax equivalents? No. I answered no; I said no. The opposition leader concocted a story of $514 million in 2014–15 being transferred to the general government sector from Western Power, and that included an income tax payment. That is not transferred through, so the opposition is concocting the whole story. This is a serious issue. These people have stood up here and one of the major reasons they say that we should not consider the sale of Western Power is the claim of $514 million—and they got it wrong. Mr W.J. Johnston : No, we didn’t. Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston : No, we didn’t. Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN replied: No, the member and his ETU — Mr W.J. Johnston : That is exactly what you are saying. It is one or the other. Dr M.D. NAHAN : No, in his reply to the budget speech, the Leader of the Opposition — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : The member asked me a question. Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington, I call you to order for the first time. You are not helping the situation. Dr M.D. NAHAN : The member asked me a question: does the general government sector receive income tax equivalents? No. I answered no; I said no. The opposition leader concocted a story of $514 million in 2014–15 being transferred to the general government sector from Western Power, and that included an income tax payment. That is not transferred through, so the opposition is concocting the whole story. This is a serious issue. These people have stood up here and one of the major reasons they say that we should not consider the sale of Western Power is the claim of $514 million—and they got it wrong. Mr W.J. Johnston : No, we didn’t. Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
No, the member and his ETU — Mr W.J. Johnston : That is exactly what you are saying. It is one or the other. Dr M.D. NAHAN : No, in his reply to the budget speech, the Leader of the Opposition — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : The member asked me a question. Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington, I call you to order for the first time. You are not helping the situation. Dr M.D. NAHAN : The member asked me a question: does the general government sector receive income tax equivalents? No. I answered no; I said no. The opposition leader concocted a story of $514 million in 2014–15 being transferred to the general government sector from Western Power, and that included an income tax payment. That is not transferred through, so the opposition is concocting the whole story. This is a serious issue. These people have stood up here and one of the major reasons they say that we should not consider the sale of Western Power is the claim of $514 million—and they got it wrong. Mr W.J. Johnston : No, we didn’t. Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston : That is exactly what you are saying. It is one or the other. Dr M.D. NAHAN : No, in his reply to the budget speech, the Leader of the Opposition — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : The member asked me a question. Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington, I call you to order for the first time. You are not helping the situation. Dr M.D. NAHAN : The member asked me a question: does the general government sector receive income tax equivalents? No. I answered no; I said no. The opposition leader concocted a story of $514 million in 2014–15 being transferred to the general government sector from Western Power, and that included an income tax payment. That is not transferred through, so the opposition is concocting the whole story. This is a serious issue. These people have stood up here and one of the major reasons they say that we should not consider the sale of Western Power is the claim of $514 million—and they got it wrong. Mr W.J. Johnston : No, we didn’t. Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : No, in his reply to the budget speech, the Leader of the Opposition — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : The member asked me a question. Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington, I call you to order for the first time. You are not helping the situation. Dr M.D. NAHAN : The member asked me a question: does the general government sector receive income tax equivalents? No. I answered no; I said no. The opposition leader concocted a story of $514 million in 2014–15 being transferred to the general government sector from Western Power, and that included an income tax payment. That is not transferred through, so the opposition is concocting the whole story. This is a serious issue. These people have stood up here and one of the major reasons they say that we should not consider the sale of Western Power is the claim of $514 million—and they got it wrong. Mr W.J. Johnston : No, we didn’t. Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : The member asked me a question. Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington, I call you to order for the first time. You are not helping the situation. Dr M.D. NAHAN : The member asked me a question: does the general government sector receive income tax equivalents? No. I answered no; I said no. The opposition leader concocted a story of $514 million in 2014–15 being transferred to the general government sector from Western Power, and that included an income tax payment. That is not transferred through, so the opposition is concocting the whole story. This is a serious issue. These people have stood up here and one of the major reasons they say that we should not consider the sale of Western Power is the claim of $514 million—and they got it wrong. Mr W.J. Johnston : No, we didn’t. Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
The SPEAKER : Member for Cannington! Dr M.D. NAHAN : The member asked me a question. Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington, I call you to order for the first time. You are not helping the situation. Dr M.D. NAHAN : The member asked me a question: does the general government sector receive income tax equivalents? No. I answered no; I said no. The opposition leader concocted a story of $514 million in 2014–15 being transferred to the general government sector from Western Power, and that included an income tax payment. That is not transferred through, so the opposition is concocting the whole story. This is a serious issue. These people have stood up here and one of the major reasons they say that we should not consider the sale of Western Power is the claim of $514 million—and they got it wrong. Mr W.J. Johnston : No, we didn’t. Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : The member asked me a question. Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington, I call you to order for the first time. You are not helping the situation. Dr M.D. NAHAN : The member asked me a question: does the general government sector receive income tax equivalents? No. I answered no; I said no. The opposition leader concocted a story of $514 million in 2014–15 being transferred to the general government sector from Western Power, and that included an income tax payment. That is not transferred through, so the opposition is concocting the whole story. This is a serious issue. These people have stood up here and one of the major reasons they say that we should not consider the sale of Western Power is the claim of $514 million—and they got it wrong. Mr W.J. Johnston : No, we didn’t. Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington, I call you to order for the first time. You are not helping the situation. Dr M.D. NAHAN : The member asked me a question: does the general government sector receive income tax equivalents? No. I answered no; I said no. The opposition leader concocted a story of $514 million in 2014–15 being transferred to the general government sector from Western Power, and that included an income tax payment. That is not transferred through, so the opposition is concocting the whole story. This is a serious issue. These people have stood up here and one of the major reasons they say that we should not consider the sale of Western Power is the claim of $514 million—and they got it wrong. Mr W.J. Johnston : No, we didn’t. Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
The SPEAKER : Member for Cannington, I call you to order for the first time. You are not helping the situation. Dr M.D. NAHAN : The member asked me a question: does the general government sector receive income tax equivalents? No. I answered no; I said no. The opposition leader concocted a story of $514 million in 2014–15 being transferred to the general government sector from Western Power, and that included an income tax payment. That is not transferred through, so the opposition is concocting the whole story. This is a serious issue. These people have stood up here and one of the major reasons they say that we should not consider the sale of Western Power is the claim of $514 million—and they got it wrong. Mr W.J. Johnston : No, we didn’t. Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : The member asked me a question: does the general government sector receive income tax equivalents? No. I answered no; I said no. The opposition leader concocted a story of $514 million in 2014–15 being transferred to the general government sector from Western Power, and that included an income tax payment. That is not transferred through, so the opposition is concocting the whole story. This is a serious issue. These people have stood up here and one of the major reasons they say that we should not consider the sale of Western Power is the claim of $514 million—and they got it wrong. Mr W.J. Johnston : No, we didn’t. Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston : No, we didn’t. Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : They got it wrong. They repeatedly got it wrong. They are presented with the facts. The budget paper indicates and states accurately how much income tax, dividends and local government payments are transferred to the state from various public trading enterprises, and it lists zero for Western Power. Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston : Because you are increasing its capital value. Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : No. Let us go to the issue of the capital base. It made these profits and it has to offset any losses, right? It is offsetting losses in the business. Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston interjected. The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
The SPEAKER : Members! Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : So, Mr Speaker — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
The SPEAKER : Member for Cannington! Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : It is offsetting accumulated tax losses in the business. Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston : That means it’s increasing its capital value. Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : Really? Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston : Yes. Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : It is offsetting — Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Several members interjected. The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
The SPEAKER : Sit down, minister. Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. JOHNSTON : I have a point of order, Mr Speaker. The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
The SPEAKER : You sit down. I am on my feet. Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston : This is ridiculous. The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
The SPEAKER : It is not ridiculous, I am on my feet. You were asked a question, minister. I want a short answer through the Chair. Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : The member asked me a question and he stated that in the annual report of Western Power an income tax profit was specified. He wanted to know whether in fact it was transferred to — Point of Order Mr W.J. JOHNSTON : That is not what I asked. What I asked was this: minister, if these payments were not made to the WA consolidated fund, where were they sent? He has explained that they increase the capital value of Western Power. That is exactly what he said. The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
The SPEAKER : Thank you. Right, where were they sent? Questions without Notice Resumed Dr M.D. NAHAN : Let me answer this. The first question he asked me was: were they transferred to the general government sector? No. There has not been, under my watch, any — Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston interjected. The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
The SPEAKER : Member for Cannington! Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston : I did not ask that. Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : Yes, the member did. The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
The answer is that under my watch there has been no transfer of income tax equivalent from Western Power to the general government sector—first question, no. Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Mr W.J. Johnston : That’s not what I asked. Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Dr M.D. NAHAN : Yes, the member did. Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
Second, the Leader of the Opposition made that a central tenet of his speech that we just persevered through, and he was wrong. Then, if there was that income tax in Western Power, does it offset or increase the value of the asset? It offsets accumulating losses, depending on how the asset is treated.
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