❓ Mr. Wyatt questions the Premier about changes to iron ore revenue forecasting methodology, alleging manipulation to inflate revenue forecasts before the election. The Premier denies direct involvement, attributing the changes to Treasury.
AnsweredQoN 158Legislative Assembly
QuestionView source ↗
IRON ORE REVENUE FORECAST METHODOLOGY
158. Mr B.S. WYATT to the Premier:
I prefer to the Premier's
claims of declining state revenue.
(1) Why did the
Premier change the iron ore forecasting methodology to increase iron ore
royalty revenue forecasts by $1 billion in the midyear review and a further $2 billion
in the Pre-election Financial Projections
Statement ; that is, immediately prior to the election?
(2) Can the
Premier confirm media reports that he will again change the iron ore revenue
forecasting methodology to decrease iron ore royalty returns by $1.5 billion?
158. Mr B.S. WYATT to the Premier:
I prefer to the Premier's
claims of declining state revenue.
(1) Why did the
Premier change the iron ore forecasting methodology to increase iron ore
royalty revenue forecasts by $1 billion in the midyear review and a further $2 billion
in the Pre-election Financial Projections
Statement ; that is, immediately prior to the election?
(2) Can the
Premier confirm media reports that he will again change the iron ore revenue
forecasting methodology to decrease iron ore royalty returns by $1.5 billion?
AnswerView source ↗
(1)–(2) I
did not change the methodology of Treasury in its forward estimates; Treasury
did. It is as simple as that.
did not change the methodology of Treasury in its forward estimates; Treasury
did. It is as simple as that.
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