❓ Mr. Love questions the Premier's motives regarding the Gold Corporation options analysis, suggesting a 'quick-fire sale' to avoid further embarrassment. The Premier defends the review as a way to determine the best path forward for the Mint, contrasting it with essential services and criticising the previous government's privatisation policies.
AnsweredQoN 262Legislative Assembly
QuestionView source ↗
GOLD CORPORATION — OPTIONS ANALYSIS
262. Mr R.S. LOVE to the Premier:
I have a supplementary question. Is
this really about value for the taxpayer or is the Premier just trying to have
a quick-fire sale to rid himself of any further embarrassing revelations about
the Mint?
262. Mr R.S. LOVE to the Premier:
I have a supplementary question. Is
this really about value for the taxpayer or is the Premier just trying to have
a quick-fire sale to rid himself of any further embarrassing revelations about
the Mint?
AnswerView source ↗
It is about working out the best way
forward for the Mint, which is, in effect, a commercial business. It is not a business like Western Power or the Water
Corporation. Members opposite might recall that when they were last in
office, the policy of the last government was to sell off Western Power, which
services millions of Western Australians. We have seen the outcome of that
approach in states like New South Wales and Victoria. That is the case study.
What happened over there? They sold those assets that provided basic services
to all citizens of those states on the basis that somehow that would ensure
their financial future, and where are they now? They are both somewhere between $100 billion and $200 billion in debt, and
growing, with no sign of any controls in sight . That is the situation
that exists over there. We have avoided that because we did not adopt the last
government's policy of selling off Western Power. The Perth Mint is a very
different business from those things. It provides commercial services, in
effect, to the goldmining industry. We will see what this review throws up and
that will be something we take account of in our future direction.
forward for the Mint, which is, in effect, a commercial business. It is not a business like Western Power or the Water
Corporation. Members opposite might recall that when they were last in
office, the policy of the last government was to sell off Western Power, which
services millions of Western Australians. We have seen the outcome of that
approach in states like New South Wales and Victoria. That is the case study.
What happened over there? They sold those assets that provided basic services
to all citizens of those states on the basis that somehow that would ensure
their financial future, and where are they now? They are both somewhere between $100 billion and $200 billion in debt, and
growing, with no sign of any controls in sight . That is the situation
that exists over there. We have avoided that because we did not adopt the last
government's policy of selling off Western Power. The Perth Mint is a very
different business from those things. It provides commercial services, in
effect, to the goldmining industry. We will see what this review throws up and
that will be something we take account of in our future direction.
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