❓ Mr. Wyatt questions the Treasurer about a potential liability related to the Osprey Village project and Treasury's approval process. The Treasurer acknowledges a state underwriting but lacks specific details and awareness of alleged approval issues.
AnsweredQoN 143Legislative Assembly
QuestionView source ↗
OSPREY VILLAGE — FLEETWOOD CORPORATION
143. Mr B.S. WYATT to the Treasurer:
I refer to Fleetwood CorporationXXX ###XXXs
interim financial report, which states that the companyXXX ###XXXs
multimillion-dollar return on its investment in South HedlandXXX ###XXXs
Osprey Village is ZZZ### ZZZunderwritten by the
Western Australian government''.
(1) Is the Treasurer
concerned that Treasury did not give the Department of Housing approval to
enter into an arrangement that would make the state liable for a capital
payment if a formal operating agreement with Fleetwood did not occur?
(2) What is the amount of the potential liability to the
state?
143. Mr B.S. WYATT to the Treasurer:
I refer to Fleetwood CorporationXXX ###XXXs
interim financial report, which states that the companyXXX ###XXXs
multimillion-dollar return on its investment in South HedlandXXX ###XXXs
Osprey Village is ZZZ### ZZZunderwritten by the
Western Australian government''.
(1) Is the Treasurer
concerned that Treasury did not give the Department of Housing approval to
enter into an arrangement that would make the state liable for a capital
payment if a formal operating agreement with Fleetwood did not occur?
(2) What is the amount of the potential liability to the
state?
AnswerView source ↗
(1)–(2)
I have not read FleetwoodXXX ###XXXs annual report. I
am not in the business of reading those sorts of things. However, I understand
that the state did underwrite, I believe in Karratha, a project for a workersXXX ###XXX camp through giving a guarantee for rental
prices. Exactly how much the liability is, I do not know. I would have to
check. I do not keep those things in my head. The member made a claim, I
believe—he can reiterate it in the supplementary—that Treasury
did not give approval or concurrence to some decision. I am not aware of that
either.
I have not read FleetwoodXXX ###XXXs annual report. I
am not in the business of reading those sorts of things. However, I understand
that the state did underwrite, I believe in Karratha, a project for a workersXXX ###XXX camp through giving a guarantee for rental
prices. Exactly how much the liability is, I do not know. I would have to
check. I do not keep those things in my head. The member made a claim, I
believe—he can reiterate it in the supplementary—that Treasury
did not give approval or concurrence to some decision. I am not aware of that
either.
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