❓ Dr. Thomas questions the rationale behind the $220 million funding to Griffin Coal and seeks clarification on its recovery after a commercial solution is found. The government defends the funding as necessary for a managed transition in Collie.
AnsweredQoN 77Legislative Council
Asked
29 February 2024
Member
Portfolio
State and Industry Development, Jobs and Trade
QuestionView source ↗
GRIFFIN COAL —
FUNDING STREAM
77. Hon Dr STEVE THOMAS to the minister representing the
Minister for State and Industry Development, Jobs and Trade:
I refer to the additional
extraordinary figure of a $220 million funding stream to the insolvent Griffin
Coal.
(1) Who or whom,
including of the receivers, managers, lenders or shareholders, requested the
figure of $220 million and for what detailed operational rationale or scope?
(2) The
government has stated ad nauseum, ''We will continue to work with
parties to find a commercial solution to support longer term operations.''
Will the now extraordinary $260 million taxpayer-funded Griffin bailout
payments be recovered once ''commercial solutions'' are resolved?
FUNDING STREAM
77. Hon Dr STEVE THOMAS to the minister representing the
Minister for State and Industry Development, Jobs and Trade:
I refer to the additional
extraordinary figure of a $220 million funding stream to the insolvent Griffin
Coal.
(1) Who or whom,
including of the receivers, managers, lenders or shareholders, requested the
figure of $220 million and for what detailed operational rationale or scope?
(2) The
government has stated ad nauseum, ''We will continue to work with
parties to find a commercial solution to support longer term operations.''
Will the now extraordinary $260 million taxpayer-funded Griffin bailout
payments be recovered once ''commercial solutions'' are resolved?
AnswerView source ↗
I thank the
honourable member for some notice of the question and answer on behalf of the
minister representing.
(1)–(2) The
government announced on 1 December 2023 that to prevent a sudden mine closure
and ensure a managed transition for Collie,
the government was allocating $220 million to support continued operations at
Griffin until June 2026. The figure was determined by the Department of the
Premier and Cabinet and the Department of Treasury taking a range of factors
and inputs into account. This funding announcement delivers certainty for the mine workforce, industry and the community to
enable a sensible and managed transition.
honourable member for some notice of the question and answer on behalf of the
minister representing.
(1)–(2) The
government announced on 1 December 2023 that to prevent a sudden mine closure
and ensure a managed transition for Collie,
the government was allocating $220 million to support continued operations at
Griffin until June 2026. The figure was determined by the Department of the
Premier and Cabinet and the Department of Treasury taking a range of factors
and inputs into account. This funding announcement delivers certainty for the mine workforce, industry and the community to
enable a sensible and managed transition.
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