❓ Dr. Thomas questions the government's plan and timeline for recovering taxpayer funds granted to the insolvent Griffin Coal, specifically regarding payments to Ad Astra, KPMG, and Sternship. The Minister's response indicates that cost recovery options will be considered if commercial parties reach a long-term arrangement.
AnsweredQoN 440Legislative Council
QuestionView source ↗
GRIFFIN COAL —
LIQUIDATOR
440. Hon Dr STEVE THOMAS to the minister representing the
Minister for State and Industry Development, Jobs and Trade:
I
refer to the answer to my question without notice 1018 of 13 September 2023 in
which the minister advised the house —
It is the government's
intention to recover the funds provided to Griffin's managers and
receivers as part of any longer term commercial arrangements.
(1) Has the
government determined a time frame and financial recovery matrix applicable to ''any
longer term commercial arrangements'' for the recovery of the
unprecedented taxpayer grants to the insolvent Griffin Coal?
(2) If no to (1),
why not?
(3) Will the
astonishing payments of $1.15 million to date or contracted to Ad Astra
Corporate Advisory, KPMG and Sternship Advisers be recoverable as part of ''any
longer term commercial arrangements''; and, if not, why not?
LIQUIDATOR
440. Hon Dr STEVE THOMAS to the minister representing the
Minister for State and Industry Development, Jobs and Trade:
I
refer to the answer to my question without notice 1018 of 13 September 2023 in
which the minister advised the house —
It is the government's
intention to recover the funds provided to Griffin's managers and
receivers as part of any longer term commercial arrangements.
(1) Has the
government determined a time frame and financial recovery matrix applicable to ''any
longer term commercial arrangements'' for the recovery of the
unprecedented taxpayer grants to the insolvent Griffin Coal?
(2) If no to (1),
why not?
(3) Will the
astonishing payments of $1.15 million to date or contracted to Ad Astra
Corporate Advisory, KPMG and Sternship Advisers be recoverable as part of ''any
longer term commercial arrangements''; and, if not, why not?
AnswerView source ↗
I thank the
honourable member for some notice of the question. The minister advises the
following.
(1)–(3) The commercial parties are responsible for
developing viable commercial arrangements beyond June 20 26. This process
is ongoing. Should the commercial parties come to a longer term arrangement,
the state will consider its options with respect to cost recovery.
honourable member for some notice of the question. The minister advises the
following.
(1)–(3) The commercial parties are responsible for
developing viable commercial arrangements beyond June 20 26. This process
is ongoing. Should the commercial parties come to a longer term arrangement,
the state will consider its options with respect to cost recovery.
Explore WA Government Data
Search the full archive in the free dashboard, or query programmatically via API.
Explore more
Government Gazette
Appointments, regulatory notices, planning changes.
Hansard
Debates, questions, speeches and sentiment.
Tabled Papers
Reports and documents tabled in Parliament.
Committees
Committee profiles and recent reports.
Regulations
Subsidiary legislation with filters and summaries.
Bills
Proposed laws and parliamentary progress.
Acts
Current WA legislation and summaries.
Explanatory Memoranda
Bills with EMs (text/PDF) available.
Members
MP profiles, party breakdown and rankings.
Pollie Rankings
Data-driven rankings across 19 categories.
Amendment Chains
Track how schemes and regulations evolve over time.