❓ Hon. Tjorn Sibma asks about the Resources Community Investment Initiative (RCII), specifically regarding the establishment and balance of a special purpose account for partner contributions. The Premier's response details committed funds and explains the account will be established upon signing project funding agreements.
AnsweredQoN 205Legislative Council
QuestionView source ↗
RESOURCES COMMUNITY INVESTMENT INITIATIVE
205. Hon TJORN SIBMA to the Leader of the House representing
the Premier:
This question is dated 21 February
and is number C124.
I
refer to the Premier's 22 November 2022 announcement about the creation
of the resources community investment initiative.
(1) Has a special
purpose account or similar been established by the state government to hold
moneys contributed by RCII partners?
(2) If no to (1),
why not?
(3) If yes to
(1), what is the current balance of that account, which RCII partners have made
contributions, and what is the value of those contributions?
205. Hon TJORN SIBMA to the Leader of the House representing
the Premier:
This question is dated 21 February
and is number C124.
I
refer to the Premier's 22 November 2022 announcement about the creation
of the resources community investment initiative.
(1) Has a special
purpose account or similar been established by the state government to hold
moneys contributed by RCII partners?
(2) If no to (1),
why not?
(3) If yes to
(1), what is the current balance of that account, which RCII partners have made
contributions, and what is the value of those contributions?
AnswerView source ↗
I thank the honourable member for
some notice of the question.
As he noted, this answer will be
correct as at 21 February.
(1)–(3) At present, $750 million has been committed by the
resources sector to the resources community investment initiative, with
Rio Tinto and BHP each committing $250 million; Hancock Prospecting, Roy Hill
and Atlas Iron committing a combined $100 million; Woodside Energy committing
$50 million; Chevron Australia committing $50 million; and Mineral Resources
Limited committing $50 million. A special purpose account will be established
once project funding agreements with those companies contributing to the RCII
have been signed.
some notice of the question.
As he noted, this answer will be
correct as at 21 February.
(1)–(3) At present, $750 million has been committed by the
resources sector to the resources community investment initiative, with
Rio Tinto and BHP each committing $250 million; Hancock Prospecting, Roy Hill
and Atlas Iron committing a combined $100 million; Woodside Energy committing
$50 million; Chevron Australia committing $50 million; and Mineral Resources
Limited committing $50 million. A special purpose account will be established
once project funding agreements with those companies contributing to the RCII
have been signed.
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