Mr. Wyatt questions the Treasurer about whether the Bell Group payout was factored into the government's decision to pursue a Loan Bill. The Treasurer denies relying on the Bell payout, but acknowledges it could have reduced the bill's size.

AnsweredQoN 667Legislative Assembly
Asked
14 September 2016
Portfolio
Treasurer

QuestionView source ↗

LOAN BILL 2016 — PASSAGE
667. Mr B.S. WYATT to the Treasurer:
I have a supplementary question. Did
the Treasurer assume that there would be a payout from Bell to ensure that the
government would not require a loan bill?

AnswerView source ↗

No. As I said, we thought we were
going to need a loan bill and we wanted to find out if we did and for how much.
The major factors determining the magnitude and the existence of it were our
expectations for the result in 2015–16 and —
Mr
B.S. Wyatt : Yes, but your reference to Bell; you said that was a factor.
Dr M.D. NAHAN : I know;
I am getting there. Also, when we were in this process there could have been—we
were not banking on it and we did not build it in—a payment. If the
Bell Group resolution had worked, it would have provided a substantial amount
of money and would probably have diminished the size of the Loan Bill, but not
put it away. We were not banking on it; we were waiting to see the outcomes of
a number of issues before we went to the Loan Bill and determined the magnitude
of it and the existence of it.

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