❓ Hon Sue Ellery questions the Minister for Housing regarding loans and share purchases related to Goldmaster Enterprises and the Stella Village development. The Minister provides details on loan amounts, dates, and share transactions.
AnsweredQoN 684Legislative Council
QuestionView source ↗
DEPARTMENT OF HOUSING — GOLDMASTER
ENTERPRISES PTY LTD
684. Hon SUE ELLERY to the Minister for
Housing:
I look forward to the contribution
of the ''Three Dorothies'' from South Metropolitan Region!
I refer to the Housing Authority's
involvement with Goldmaster Enterprises Pty Ltd and the development of the
Stella Village in Success.
(1) How many loans have been
provided to Goldmaster Enterprises?
(2) For each loan outlined in (1) —
(a) what amount was lent;
(b) on what date was the loan made;
and
(c) on what date was the loan repaid?
(3) What were the specific dates of
all Housing Authority Goldmaster share purchases?
(4) What was the price per share for
each tranche of shares purchased?
(5) From whom were the shares
purchased?
ENTERPRISES PTY LTD
684. Hon SUE ELLERY to the Minister for
Housing:
I look forward to the contribution
of the ''Three Dorothies'' from South Metropolitan Region!
I refer to the Housing Authority's
involvement with Goldmaster Enterprises Pty Ltd and the development of the
Stella Village in Success.
(1) How many loans have been
provided to Goldmaster Enterprises?
(2) For each loan outlined in (1) —
(a) what amount was lent;
(b) on what date was the loan made;
and
(c) on what date was the loan repaid?
(3) What were the specific dates of
all Housing Authority Goldmaster share purchases?
(4) What was the price per share for
each tranche of shares purchased?
(5) From whom were the shares
purchased?
AnswerView source ↗
I thank the honourable member for some notice of the
question.
(1) Two senior secured debt facilities were provided to
Goldmaster—buildings 21 to 25 and building 17.
(2) For buildings 21 to 25 —
(a) $25.3 million.
(b) June 2013.
(c) July 2014.
For building 17 —
(a) $21 million.
(b) April 2014.
(c) The loan is being repaid as
sales progress. The outstanding balance is $9.5 million.
(3)–(5)
Goldmaster issued two tranches of new shares in the company to the Housing
Authority. The first tranche of shares was issued in June 2012 in return for an
$18 million investment. The second tranche was issued in October 2014 at a net
cost of $8.9 million. All the funds contributed by the Housing Authority were
used by Goldmaster for land and development costs. The Housing Authority was
issued new shares by Goldmaster. It did not purchase individual shares from
other shareholders.
question.
(1) Two senior secured debt facilities were provided to
Goldmaster—buildings 21 to 25 and building 17.
(2) For buildings 21 to 25 —
(a) $25.3 million.
(b) June 2013.
(c) July 2014.
For building 17 —
(a) $21 million.
(b) April 2014.
(c) The loan is being repaid as
sales progress. The outstanding balance is $9.5 million.
(3)–(5)
Goldmaster issued two tranches of new shares in the company to the Housing
Authority. The first tranche of shares was issued in June 2012 in return for an
$18 million investment. The second tranche was issued in October 2014 at a net
cost of $8.9 million. All the funds contributed by the Housing Authority were
used by Goldmaster for land and development costs. The Housing Authority was
issued new shares by Goldmaster. It did not purchase individual shares from
other shareholders.
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