❓ A WA parliamentary question seeks a detailed breakdown of expenditure on financial advice from Deloitte, Rothschild, and PwC regarding the sale of Utah Point and Fremantle Port, including requests for reports produced by the consultants.
AnsweredQoN 52Legislative Council
QuestionView source ↗
I refer to the
Report on consultants engaged by Government for the six months ended 30 June 2016
, and ask:
(a) will the Minister please provide an itemisation of expenditure on financial advice provided by Deloitte Touche Tohmatsu on the sale of Utah Point;
(b) will the Minister please provide an itemisation of expenditure on financial advice provided by Rothschild/Deloitte on the sale of Fremantle Port and Utah Point;
(c) will the Minister please provide information and itemisation of expenditure on any financial advice provided on the sale of Fremantle Port and Utah Point not included in this document;
(d) will the Minister please table any reports produced by the consultants; and
(e) if no to (d), why not?
Report on consultants engaged by Government for the six months ended 30 June 2016
, and ask:
(a) will the Minister please provide an itemisation of expenditure on financial advice provided by Deloitte Touche Tohmatsu on the sale of Utah Point;
(b) will the Minister please provide an itemisation of expenditure on financial advice provided by Rothschild/Deloitte on the sale of Fremantle Port and Utah Point;
(c) will the Minister please provide information and itemisation of expenditure on any financial advice provided on the sale of Fremantle Port and Utah Point not included in this document;
(d) will the Minister please table any reports produced by the consultants; and
(e) if no to (d), why not?
AnswerView source ↗
Answered
15 August 2017
Responded by
Minister for Environment representing the Treasurer
Response time
9 days
Detail Cost Professional Services to 30 April 2016 – Separation and Optimisation Advice $219,082 Accrual May and June $56,000 Sub-Total $275,082 GST $27,508 Total $302,590 (b) Rothschild/Deloitte – six months to 30 June 2016: Detail Cost Total Fremantle Utah Phase 2 Fee December 2015 $164,091 $106,659 $57,432 Phase 2 & 3 Fee January 2016 $66,000 $29,250 $36,750 February charges $182,500 $129,125 $53,375 March charges $200,000 $145,750 $54,250 April charges $200,000 $145,750 $54,250 May charges $200,000 $142,250 $57,750 June charges $202,750 $145,000 $57,750 Sub-Total $1,215,341 $843,784 $371,557 GST $121,534 $84,378 $37,156 Total $1,336,875 $928,162 $408,713 (c) Utah Point sale – other financial advice – Accounting advice from Deloitte – six months to 30 June 2016 Detail Cost Deloitte Invoice 1-2033537 $15,000 Deloitte Invoice period to Apr 2016 $28,272 Sub-Total $43,272 GST $4,327 Total $47,599 Fremantle Ports sale – other financial advice – Accounting & Tax advice from PricewaterhouseCoopers – six months to 30 June 2016: Detail Cost PWC 36550527 Fremantle Port - Accounting & Tax - Services for January & February 2016 $73,857 PWC 36550949 March 2016 and April 2016 progress fee for professional services $37,793 PWC 36551231 Fremantle Port - Accounting & Tax Services - May 2016 $105,200 Accrual June - estimate $150,000 Sub-Total $366,850 GST $36,685 Total $403,535 (d) No. (e) Reports provided by the consultants in question are considered commercial-in-confidence and as such cannot be tabled. The Reports contain highly sensitive commercial information which if disclosed, has the potential to compromise the State Government’s position in current and future commercial relationships.
(b) Rothschild/Deloitte – six months to 30 June 2016: Detail Cost Total Fremantle Utah Phase 2 Fee December 2015 $164,091 $106,659 $57,432 Phase 2 & 3 Fee January 2016 $66,000 $29,250 $36,750 February charges $182,500 $129,125 $53,375 March charges $200,000 $145,750 $54,250 April charges $200,000 $145,750 $54,250 May charges $200,000 $142,250 $57,750 June charges $202,750 $145,000 $57,750 Sub-Total $1,215,341 $843,784 $371,557 GST $121,534 $84,378 $37,156 Total $1,336,875 $928,162 $408,713 (c) Utah Point sale – other financial advice – Accounting advice from Deloitte – six months to 30 June 2016 Detail Cost Deloitte Invoice 1-2033537 $15,000 Deloitte Invoice period to Apr 2016 $28,272 Sub-Total $43,272 GST $4,327 Total $47,599 Fremantle Ports sale – other financial advice – Accounting & Tax advice from PricewaterhouseCoopers – six months to 30 June 2016: Detail Cost PWC 36550527 Fremantle Port - Accounting & Tax - Services for January & February 2016 $73,857 PWC 36550949 March 2016 and April 2016 progress fee for professional services $37,793 PWC 36551231 Fremantle Port - Accounting & Tax Services - May 2016 $105,200 Accrual June - estimate $150,000 Sub-Total $366,850 GST $36,685 Total $403,535 (d) No. (e) Reports provided by the consultants in question are considered commercial-in-confidence and as such cannot be tabled. The Reports contain highly sensitive commercial information which if disclosed, has the potential to compromise the State Government’s position in current and future commercial relationships.
Detail Cost Total Fremantle Utah Phase 2 Fee December 2015 $164,091 $106,659 $57,432 Phase 2 & 3 Fee January 2016 $66,000 $29,250 $36,750 February charges $182,500 $129,125 $53,375 March charges $200,000 $145,750 $54,250 April charges $200,000 $145,750 $54,250 May charges $200,000 $142,250 $57,750 June charges $202,750 $145,000 $57,750 Sub-Total $1,215,341 $843,784 $371,557 GST $121,534 $84,378 $37,156 Total $1,336,875 $928,162 $408,713 (c) Utah Point sale – other financial advice – Accounting advice from Deloitte – six months to 30 June 2016 Detail Cost Deloitte Invoice 1-2033537 $15,000 Deloitte Invoice period to Apr 2016 $28,272 Sub-Total $43,272 GST $4,327 Total $47,599 Fremantle Ports sale – other financial advice – Accounting & Tax advice from PricewaterhouseCoopers – six months to 30 June 2016: Detail Cost PWC 36550527 Fremantle Port - Accounting & Tax - Services for January & February 2016 $73,857 PWC 36550949 March 2016 and April 2016 progress fee for professional services $37,793 PWC 36551231 Fremantle Port - Accounting & Tax Services - May 2016 $105,200 Accrual June - estimate $150,000 Sub-Total $366,850 GST $36,685 Total $403,535 (d) No. (e) Reports provided by the consultants in question are considered commercial-in-confidence and as such cannot be tabled. The Reports contain highly sensitive commercial information which if disclosed, has the potential to compromise the State Government’s position in current and future commercial relationships.
(c) Utah Point sale – other financial advice – Accounting advice from Deloitte – six months to 30 June 2016 Detail Cost Deloitte Invoice 1-2033537 $15,000 Deloitte Invoice period to Apr 2016 $28,272 Sub-Total $43,272 GST $4,327 Total $47,599 Fremantle Ports sale – other financial advice – Accounting & Tax advice from PricewaterhouseCoopers – six months to 30 June 2016: Detail Cost PWC 36550527 Fremantle Port - Accounting & Tax - Services for January & February 2016 $73,857 PWC 36550949 March 2016 and April 2016 progress fee for professional services $37,793 PWC 36551231 Fremantle Port - Accounting & Tax Services - May 2016 $105,200 Accrual June - estimate $150,000 Sub-Total $366,850 GST $36,685 Total $403,535 (d) No. (e) Reports provided by the consultants in question are considered commercial-in-confidence and as such cannot be tabled. The Reports contain highly sensitive commercial information which if disclosed, has the potential to compromise the State Government’s position in current and future commercial relationships.
(d) No. (e) Reports provided by the consultants in question are considered commercial-in-confidence and as such cannot be tabled. The Reports contain highly sensitive commercial information which if disclosed, has the potential to compromise the State Government’s position in current and future commercial relationships.
(e) Reports provided by the consultants in question are considered commercial-in-confidence and as such cannot be tabled. The Reports contain highly sensitive commercial information which if disclosed, has the potential to compromise the State Government’s position in current and future commercial relationships.
(b) Rothschild/Deloitte – six months to 30 June 2016: Detail Cost Total Fremantle Utah Phase 2 Fee December 2015 $164,091 $106,659 $57,432 Phase 2 & 3 Fee January 2016 $66,000 $29,250 $36,750 February charges $182,500 $129,125 $53,375 March charges $200,000 $145,750 $54,250 April charges $200,000 $145,750 $54,250 May charges $200,000 $142,250 $57,750 June charges $202,750 $145,000 $57,750 Sub-Total $1,215,341 $843,784 $371,557 GST $121,534 $84,378 $37,156 Total $1,336,875 $928,162 $408,713 (c) Utah Point sale – other financial advice – Accounting advice from Deloitte – six months to 30 June 2016 Detail Cost Deloitte Invoice 1-2033537 $15,000 Deloitte Invoice period to Apr 2016 $28,272 Sub-Total $43,272 GST $4,327 Total $47,599 Fremantle Ports sale – other financial advice – Accounting & Tax advice from PricewaterhouseCoopers – six months to 30 June 2016: Detail Cost PWC 36550527 Fremantle Port - Accounting & Tax - Services for January & February 2016 $73,857 PWC 36550949 March 2016 and April 2016 progress fee for professional services $37,793 PWC 36551231 Fremantle Port - Accounting & Tax Services - May 2016 $105,200 Accrual June - estimate $150,000 Sub-Total $366,850 GST $36,685 Total $403,535 (d) No. (e) Reports provided by the consultants in question are considered commercial-in-confidence and as such cannot be tabled. The Reports contain highly sensitive commercial information which if disclosed, has the potential to compromise the State Government’s position in current and future commercial relationships.
Detail Cost Total Fremantle Utah Phase 2 Fee December 2015 $164,091 $106,659 $57,432 Phase 2 & 3 Fee January 2016 $66,000 $29,250 $36,750 February charges $182,500 $129,125 $53,375 March charges $200,000 $145,750 $54,250 April charges $200,000 $145,750 $54,250 May charges $200,000 $142,250 $57,750 June charges $202,750 $145,000 $57,750 Sub-Total $1,215,341 $843,784 $371,557 GST $121,534 $84,378 $37,156 Total $1,336,875 $928,162 $408,713 (c) Utah Point sale – other financial advice – Accounting advice from Deloitte – six months to 30 June 2016 Detail Cost Deloitte Invoice 1-2033537 $15,000 Deloitte Invoice period to Apr 2016 $28,272 Sub-Total $43,272 GST $4,327 Total $47,599 Fremantle Ports sale – other financial advice – Accounting & Tax advice from PricewaterhouseCoopers – six months to 30 June 2016: Detail Cost PWC 36550527 Fremantle Port - Accounting & Tax - Services for January & February 2016 $73,857 PWC 36550949 March 2016 and April 2016 progress fee for professional services $37,793 PWC 36551231 Fremantle Port - Accounting & Tax Services - May 2016 $105,200 Accrual June - estimate $150,000 Sub-Total $366,850 GST $36,685 Total $403,535 (d) No. (e) Reports provided by the consultants in question are considered commercial-in-confidence and as such cannot be tabled. The Reports contain highly sensitive commercial information which if disclosed, has the potential to compromise the State Government’s position in current and future commercial relationships.
(c) Utah Point sale – other financial advice – Accounting advice from Deloitte – six months to 30 June 2016 Detail Cost Deloitte Invoice 1-2033537 $15,000 Deloitte Invoice period to Apr 2016 $28,272 Sub-Total $43,272 GST $4,327 Total $47,599 Fremantle Ports sale – other financial advice – Accounting & Tax advice from PricewaterhouseCoopers – six months to 30 June 2016: Detail Cost PWC 36550527 Fremantle Port - Accounting & Tax - Services for January & February 2016 $73,857 PWC 36550949 March 2016 and April 2016 progress fee for professional services $37,793 PWC 36551231 Fremantle Port - Accounting & Tax Services - May 2016 $105,200 Accrual June - estimate $150,000 Sub-Total $366,850 GST $36,685 Total $403,535 (d) No. (e) Reports provided by the consultants in question are considered commercial-in-confidence and as such cannot be tabled. The Reports contain highly sensitive commercial information which if disclosed, has the potential to compromise the State Government’s position in current and future commercial relationships.
(d) No. (e) Reports provided by the consultants in question are considered commercial-in-confidence and as such cannot be tabled. The Reports contain highly sensitive commercial information which if disclosed, has the potential to compromise the State Government’s position in current and future commercial relationships.
(e) Reports provided by the consultants in question are considered commercial-in-confidence and as such cannot be tabled. The Reports contain highly sensitive commercial information which if disclosed, has the potential to compromise the State Government’s position in current and future commercial relationships.
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