Hon Kim Chance asks about asset revaluations in the 2009-10 state budget, specifically seeking details on which assets are included, their valuation trends, and who conducts the valuations. Hon Barry House, representing the Treasurer, is unable to provide the information immediately and requests the question be placed on notice.

AnsweredQoN 515Legislative Council
Asked
19 May 2009
Portfolio
parliamentary secretary representing the Treasurer

QuestionView source ↗

STATE BUDGET — EQUITY REVALUATIONS
I refer to page 191 of the Economic and Fiscal Outlook in the 2009-10 budget papers and the assumptions for “revaluations” rising $1 412 million in 2008-09 and $1 294 million in 2009-10. I apologise for the typographical error that makes those figures a little hard to follow. (1) Which assets are contained in the revaluation estimates? (2) Which assets have been valued upwards in 2008-09 and which assets are projected to be valued upwards in 2009-10, 2010-11, 2011-12 and 2012-13? (3) Who conducts the valuation process? Hon BARRY HOUSE

AnswerView source ↗

I thank the member for some notice of this question. It is my turn to apologise because providing information in the time required is not possible. Therefore, I ask the honourable member to place this question on notice. Hon Ken Travers : Who wrote the budget if you can’t provide the information? The PRESIDENT : Order, members! Members would be aware that that is one of the most popular answers I have heard over many years.
(1) Which assets are contained in the revaluation estimates? (2) Which assets have been valued upwards in 2008-09 and which assets are projected to be valued upwards in 2009-10, 2010-11, 2011-12 and 2012-13? (3) Who conducts the valuation process? Hon BARRY HOUSE replied: I thank the member for some notice of this question. It is my turn to apologise because providing information in the time required is not possible. Therefore, I ask the honourable member to place this question on notice. Hon Ken Travers : Who wrote the budget if you can’t provide the information? The PRESIDENT : Order, members! Members would be aware that that is one of the most popular answers I have heard over many years.
(2) Which assets have been valued upwards in 2008-09 and which assets are projected to be valued upwards in 2009-10, 2010-11, 2011-12 and 2012-13? (3) Who conducts the valuation process? Hon BARRY HOUSE replied: I thank the member for some notice of this question. It is my turn to apologise because providing information in the time required is not possible. Therefore, I ask the honourable member to place this question on notice. Hon Ken Travers : Who wrote the budget if you can’t provide the information? The PRESIDENT : Order, members! Members would be aware that that is one of the most popular answers I have heard over many years.
(3) Who conducts the valuation process? Hon BARRY HOUSE replied: I thank the member for some notice of this question. It is my turn to apologise because providing information in the time required is not possible. Therefore, I ask the honourable member to place this question on notice. Hon Ken Travers : Who wrote the budget if you can’t provide the information? The PRESIDENT : Order, members! Members would be aware that that is one of the most popular answers I have heard over many years.
Hon BARRY HOUSE replied: I thank the member for some notice of this question. It is my turn to apologise because providing information in the time required is not possible. Therefore, I ask the honourable member to place this question on notice. Hon Ken Travers : Who wrote the budget if you can’t provide the information? The PRESIDENT : Order, members! Members would be aware that that is one of the most popular answers I have heard over many years.
I thank the member for some notice of this question. It is my turn to apologise because providing information in the time required is not possible. Therefore, I ask the honourable member to place this question on notice. Hon Ken Travers : Who wrote the budget if you can’t provide the information? The PRESIDENT : Order, members! Members would be aware that that is one of the most popular answers I have heard over many years.
Hon Ken Travers : Who wrote the budget if you can’t provide the information? The PRESIDENT : Order, members! Members would be aware that that is one of the most popular answers I have heard over many years.
The PRESIDENT : Order, members! Members would be aware that that is one of the most popular answers I have heard over many years.

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