❓ Question regarding the Bunbury waterfront development's costings, profitability, and revenue allocation. The Minister provides expenditure and revenue forecasts, noting potential impacts from planning amendments, and outlines standard LandCorp financial procedures for any net revenue.
AnsweredQoN 675Legislative Council
QuestionView source ↗
BUNBURY WATERFRONT PROJECT
I refer to the Bunbury waterfront development. (1) Will the minister table the costings for the project; and, if not, why not? (2) What will be the total cost to LandCorp of the project? (3) Will LandCorp be making a profit or earning any income from the project; and, if so, what is the estimated profit or income? (4) If a profit is made from the project, will the profit be paid into consolidated revenue or set aside for other projects in the City of Bunbury? Hon WENDY DUNCAN
I refer to the Bunbury waterfront development. (1) Will the minister table the costings for the project; and, if not, why not? (2) What will be the total cost to LandCorp of the project? (3) Will LandCorp be making a profit or earning any income from the project; and, if so, what is the estimated profit or income? (4) If a profit is made from the project, will the profit be paid into consolidated revenue or set aside for other projects in the City of Bunbury? Hon WENDY DUNCAN
AnswerView source ↗
I thank the honourable member for some notice of this question. The minister has provided the following answer — (1)–(3) The government has approved the project on the basis of gross expenditure of $23 million and forecast revenue of $20 million. However, these may be impacted by the outcome of required planning amendments by the City of Bunbury. (4) Any net revenue will be treated in the same manner as other LandCorp financial arrangements, including associated income tax and dividend payments.
(1) Will the minister table the costings for the project; and, if not, why not? (2) What will be the total cost to LandCorp of the project? (3) Will LandCorp be making a profit or earning any income from the project; and, if so, what is the estimated profit or income? (4) If a profit is made from the project, will the profit be paid into consolidated revenue or set aside for other projects in the City of Bunbury? Hon WENDY DUNCAN replied: I thank the honourable member for some notice of this question. The minister has provided the following answer — (1)–(3) The government has approved the project on the basis of gross expenditure of $23 million and forecast revenue of $20 million. However, these may be impacted by the outcome of required planning amendments by the City of Bunbury. (4) Any net revenue will be treated in the same manner as other LandCorp financial arrangements, including associated income tax and dividend payments.
(2) What will be the total cost to LandCorp of the project? (3) Will LandCorp be making a profit or earning any income from the project; and, if so, what is the estimated profit or income? (4) If a profit is made from the project, will the profit be paid into consolidated revenue or set aside for other projects in the City of Bunbury? Hon WENDY DUNCAN replied: I thank the honourable member for some notice of this question. The minister has provided the following answer — (1)–(3) The government has approved the project on the basis of gross expenditure of $23 million and forecast revenue of $20 million. However, these may be impacted by the outcome of required planning amendments by the City of Bunbury. (4) Any net revenue will be treated in the same manner as other LandCorp financial arrangements, including associated income tax and dividend payments.
(3) Will LandCorp be making a profit or earning any income from the project; and, if so, what is the estimated profit or income? (4) If a profit is made from the project, will the profit be paid into consolidated revenue or set aside for other projects in the City of Bunbury? Hon WENDY DUNCAN replied: I thank the honourable member for some notice of this question. The minister has provided the following answer — (1)–(3) The government has approved the project on the basis of gross expenditure of $23 million and forecast revenue of $20 million. However, these may be impacted by the outcome of required planning amendments by the City of Bunbury. (4) Any net revenue will be treated in the same manner as other LandCorp financial arrangements, including associated income tax and dividend payments.
(4) If a profit is made from the project, will the profit be paid into consolidated revenue or set aside for other projects in the City of Bunbury? Hon WENDY DUNCAN replied: I thank the honourable member for some notice of this question. The minister has provided the following answer — (1)–(3) The government has approved the project on the basis of gross expenditure of $23 million and forecast revenue of $20 million. However, these may be impacted by the outcome of required planning amendments by the City of Bunbury. (4) Any net revenue will be treated in the same manner as other LandCorp financial arrangements, including associated income tax and dividend payments.
Hon WENDY DUNCAN replied: I thank the honourable member for some notice of this question. The minister has provided the following answer — (1)–(3) The government has approved the project on the basis of gross expenditure of $23 million and forecast revenue of $20 million. However, these may be impacted by the outcome of required planning amendments by the City of Bunbury. (4) Any net revenue will be treated in the same manner as other LandCorp financial arrangements, including associated income tax and dividend payments.
I thank the honourable member for some notice of this question. The minister has provided the following answer — (1)–(3) The government has approved the project on the basis of gross expenditure of $23 million and forecast revenue of $20 million. However, these may be impacted by the outcome of required planning amendments by the City of Bunbury. (4) Any net revenue will be treated in the same manner as other LandCorp financial arrangements, including associated income tax and dividend payments.
(1)–(3) The government has approved the project on the basis of gross expenditure of $23 million and forecast revenue of $20 million. However, these may be impacted by the outcome of required planning amendments by the City of Bunbury. (4) Any net revenue will be treated in the same manner as other LandCorp financial arrangements, including associated income tax and dividend payments.
(4) Any net revenue will be treated in the same manner as other LandCorp financial arrangements, including associated income tax and dividend payments.
(1) Will the minister table the costings for the project; and, if not, why not? (2) What will be the total cost to LandCorp of the project? (3) Will LandCorp be making a profit or earning any income from the project; and, if so, what is the estimated profit or income? (4) If a profit is made from the project, will the profit be paid into consolidated revenue or set aside for other projects in the City of Bunbury? Hon WENDY DUNCAN replied: I thank the honourable member for some notice of this question. The minister has provided the following answer — (1)–(3) The government has approved the project on the basis of gross expenditure of $23 million and forecast revenue of $20 million. However, these may be impacted by the outcome of required planning amendments by the City of Bunbury. (4) Any net revenue will be treated in the same manner as other LandCorp financial arrangements, including associated income tax and dividend payments.
(2) What will be the total cost to LandCorp of the project? (3) Will LandCorp be making a profit or earning any income from the project; and, if so, what is the estimated profit or income? (4) If a profit is made from the project, will the profit be paid into consolidated revenue or set aside for other projects in the City of Bunbury? Hon WENDY DUNCAN replied: I thank the honourable member for some notice of this question. The minister has provided the following answer — (1)–(3) The government has approved the project on the basis of gross expenditure of $23 million and forecast revenue of $20 million. However, these may be impacted by the outcome of required planning amendments by the City of Bunbury. (4) Any net revenue will be treated in the same manner as other LandCorp financial arrangements, including associated income tax and dividend payments.
(3) Will LandCorp be making a profit or earning any income from the project; and, if so, what is the estimated profit or income? (4) If a profit is made from the project, will the profit be paid into consolidated revenue or set aside for other projects in the City of Bunbury? Hon WENDY DUNCAN replied: I thank the honourable member for some notice of this question. The minister has provided the following answer — (1)–(3) The government has approved the project on the basis of gross expenditure of $23 million and forecast revenue of $20 million. However, these may be impacted by the outcome of required planning amendments by the City of Bunbury. (4) Any net revenue will be treated in the same manner as other LandCorp financial arrangements, including associated income tax and dividend payments.
(4) If a profit is made from the project, will the profit be paid into consolidated revenue or set aside for other projects in the City of Bunbury? Hon WENDY DUNCAN replied: I thank the honourable member for some notice of this question. The minister has provided the following answer — (1)–(3) The government has approved the project on the basis of gross expenditure of $23 million and forecast revenue of $20 million. However, these may be impacted by the outcome of required planning amendments by the City of Bunbury. (4) Any net revenue will be treated in the same manner as other LandCorp financial arrangements, including associated income tax and dividend payments.
Hon WENDY DUNCAN replied: I thank the honourable member for some notice of this question. The minister has provided the following answer — (1)–(3) The government has approved the project on the basis of gross expenditure of $23 million and forecast revenue of $20 million. However, these may be impacted by the outcome of required planning amendments by the City of Bunbury. (4) Any net revenue will be treated in the same manner as other LandCorp financial arrangements, including associated income tax and dividend payments.
I thank the honourable member for some notice of this question. The minister has provided the following answer — (1)–(3) The government has approved the project on the basis of gross expenditure of $23 million and forecast revenue of $20 million. However, these may be impacted by the outcome of required planning amendments by the City of Bunbury. (4) Any net revenue will be treated in the same manner as other LandCorp financial arrangements, including associated income tax and dividend payments.
(1)–(3) The government has approved the project on the basis of gross expenditure of $23 million and forecast revenue of $20 million. However, these may be impacted by the outcome of required planning amendments by the City of Bunbury. (4) Any net revenue will be treated in the same manner as other LandCorp financial arrangements, including associated income tax and dividend payments.
(4) Any net revenue will be treated in the same manner as other LandCorp financial arrangements, including associated income tax and dividend payments.
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