❓ Ms. Saffioti questions the Treasurer regarding his involvement in the decision to renew QBE Insurance's role in processing home indemnity insurance, specifically concerning the financial implications and contingent liabilities outlined in the mid-year review. The Treasurer deflects, stating it was the Minister for Commerce's decision.
AnsweredQoN 208Legislative Assembly
QuestionView source ↗
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INDEMNITY INSURANCE RISK-SHARING AGREEMENT — QBE INSURANCE
208. Ms R. SAFFIOTI to the
Treasurer:
I ask a supplementary question. Can the Treasurer confirm—he
is the Treasurer, he sits on the Expenditure Review Committee, and he sits in
cabinet—that because this was a midyear decision on both expenditure
and revenue, and a new contingent asset and liability —
Mr M.J. Cowper interjected.
The SPEAKER :
Member for Murray–Wellington, I call you to order for the first time.
Ms R. SAFFIOTI : I
will repeat that. Can the Treasurer confirm—he sits on the ERC, he is
in cabinet, and he is the Treasurer—that because the midyear review is
his document, and that includes new expenditure and new revenue relating to
home indemnity insurance, of which QBE Insurance is one of the key providers,
and it includes the creation of a new contingent liability, that the Treasurer
must have signed off on it?
INDEMNITY INSURANCE RISK-SHARING AGREEMENT — QBE INSURANCE
208. Ms R. SAFFIOTI to the
Treasurer:
I ask a supplementary question. Can the Treasurer confirm—he
is the Treasurer, he sits on the Expenditure Review Committee, and he sits in
cabinet—that because this was a midyear decision on both expenditure
and revenue, and a new contingent asset and liability —
Mr M.J. Cowper interjected.
The SPEAKER :
Member for Murray–Wellington, I call you to order for the first time.
Ms R. SAFFIOTI : I
will repeat that. Can the Treasurer confirm—he sits on the ERC, he is
in cabinet, and he is the Treasurer—that because the midyear review is
his document, and that includes new expenditure and new revenue relating to
home indemnity insurance, of which QBE Insurance is one of the key providers,
and it includes the creation of a new contingent liability, that the Treasurer
must have signed off on it?
AnswerView source ↗
Again, the decision by the Minister for Commerce to —
Several members interjected.
The SPEAKER :
Members! Member for Cannington, I call you to order for the first time, and
member for Butler, for the first time. We are getting the wall of noise again.
Dr M.D. NAHAN : The
Minister for Commerce did renew QBE's decision to process home
indemnity insurance, and that was a decision for the Minister for Commerce.
Several members interjected.
The SPEAKER :
Members! Member for Cannington, I call you to order for the first time, and
member for Butler, for the first time. We are getting the wall of noise again.
Dr M.D. NAHAN : The
Minister for Commerce did renew QBE's decision to process home
indemnity insurance, and that was a decision for the Minister for Commerce.
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