❓ Mr. Wyatt asks if iron ore revenue forecast methodology changes were reported by cabinet or the Economic and Expenditure Reform Committee. The Premier states the changes were a Treasury methodology, not influenced by the Premier or Treasurer, to improve reliability of iron ore price and royalty forecasts.
AnsweredQoN 159Legislative Assembly
QuestionView source ↗
IRON ORE REVENUE FORECAST METHODOLOGY
159. Mr B.S. WYATT to the Premier:
I ask a supplementary question. At
any point, has this been reported by cabinet or the Economic and Expenditure
Reform Committee?
159. Mr B.S. WYATT to the Premier:
I ask a supplementary question. At
any point, has this been reported by cabinet or the Economic and Expenditure
Reform Committee?
AnswerView source ↗
The figures are certainly looked at. That was a change in
Treasury methodology to try to get a more reliable handle on future iron ore
prices and the impact on royalty—in no way influenced by me or the
Treasurer. It is a Treasury methodology. It is as simple as that.
Treasury methodology to try to get a more reliable handle on future iron ore
prices and the impact on royalty—in no way influenced by me or the
Treasurer. It is a Treasury methodology. It is as simple as that.
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