Hon. Ken Travers questions the Treasurer's responsibility regarding the inclusion of ICWA dividend risks in the midyear review, specifically why legislative changes needed for ICWA dividends weren't considered a risk in the 2012-13 review.

AnsweredQoN 60Legislative Council
Asked
20 February 2014
Portfolio
minister representing the Treasurer

QuestionView source ↗

INSURANCE
COMMISSION OF WA — 2013–14 MIDYEAR REVIEW
60. Hon KEN TRAVERS to the
minister representing the Treasurer:
I refer to the deletion from the text of the 2013–14
midyear review of any mention that the financial aggregates were based on the
Insurance Commission of WA paying a dividend.
(1) Is the
Treasurer responsible for deciding what risks are included in the statement of
risks of a midyear review?
(2) If no to (1), who is
responsible?
(3) Did the
Under Treasurer consider that the need for legislative changes to allow the
Insurance Commission of WA to pay a dividend was a risk that should be included
in the 2012–13 midyear review?
(4) If no to (3), why not?

AnswerView source ↗

I thank the member for some notice of this question.
(1) All ministers, including the Treasurer, are responsible
for portfolios that fall under their ministry.
(2) Not applicable.
(3) No.
(4) The
increased revenue resulting from the change in the Insurance Commission of
Western Australia's dividend arrangements was reflected in the feature
box on corrective measures, starting on page 13 of the 2012–13 midyear
review.

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