❓ Dr. Thomas questions the Minister for Regional Development regarding the allocation and expenditure of the Collie Futures Industry Development Fund. The Minister provides updated figures and defends the government's performance, promising further information on cash flows.
AnsweredQoN 1073Legislative Council
QuestionView source ↗
COLLIE FUTURES INDUSTRY
DEVELOPMENT FUND
1073. Hon Dr STEVE THOMAS to the Minister for Regional
Development:
I refer to the Collie industry
attraction and development fund and to questions 1029 and 1043 asked on 30 November
2021.
(1) Can the
minister confirm that the total amount allocated to the fund since its
inception is $100.1 million?
(2) Can the
minister confirm that only $54.01 million of the fund has been expended,
leaving an unallocated balance of $46.09 million?
(3) What are the current approved cash flows for the
fund over the years 2019–20, 2020–21, 2021–22, 2022–23,
2023–24 and 2024–25?
(4) What is the
breakdown by allocated department for the yearly cash flows provided in (3)?
DEVELOPMENT FUND
1073. Hon Dr STEVE THOMAS to the Minister for Regional
Development:
I refer to the Collie industry
attraction and development fund and to questions 1029 and 1043 asked on 30 November
2021.
(1) Can the
minister confirm that the total amount allocated to the fund since its
inception is $100.1 million?
(2) Can the
minister confirm that only $54.01 million of the fund has been expended,
leaving an unallocated balance of $46.09 million?
(3) What are the current approved cash flows for the
fund over the years 2019–20, 2020–21, 2021–22, 2022–23,
2023–24 and 2024–25?
(4) What is the
breakdown by allocated department for the yearly cash flows provided in (3)?
AnswerView source ↗
I thank the member for the
question.
(1)–(2) As
I provided in information earlier this week, the total allocation to the Collie
industry attraction and development fund is $78.1 million and there is $22 million
in the Collie Futures fund. I point out that $20 million of those funds was
committed for the first time in the budget in September 2021. So far, the government has expended $40.75 million from the
Collie industry attraction fund and $13.27 million from the Collie Futures fund. I think that is a pretty
good performance actually. Knowing the member's concerns about
money being spent without a strong business case, I think the government has
been very diligent. I note that many projects are still in the pipeline and
going through various tiers of assessment. Those projects will be rolled out
over the next four years.
(3)–(4) Due
to the scale of information required, that information will be provided on 7 December.
question.
(1)–(2) As
I provided in information earlier this week, the total allocation to the Collie
industry attraction and development fund is $78.1 million and there is $22 million
in the Collie Futures fund. I point out that $20 million of those funds was
committed for the first time in the budget in September 2021. So far, the government has expended $40.75 million from the
Collie industry attraction fund and $13.27 million from the Collie Futures fund. I think that is a pretty
good performance actually. Knowing the member's concerns about
money being spent without a strong business case, I think the government has
been very diligent. I note that many projects are still in the pipeline and
going through various tiers of assessment. Those projects will be rolled out
over the next four years.
(3)–(4) Due
to the scale of information required, that information will be provided on 7 December.
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