❓ Dr. Steve Thomas questions the Minister regarding additional fiscal grants sought and afforded to the receivers/liquidators of Griffin Coal, revealing a further $3.2 million drawdown to fund mine operations, bringing the total to $30.5 million.
AnsweredQoN 1213Legislative Council
Asked
12 October 2023
Member
Portfolio
State and Industry Development, Jobs and Trade
QuestionView source ↗
GRIFFIN COAL —
LIQUIDATOR
1213. Hon Dr STEVE THOMAS to the minister representing the
Minister for State and Industry Development, Jobs and Trade:
I refer to my question without
notice 986 of 31 August 2023, which established that an extraordinary $27.3 million dollars of taxpayers' money has been
paid to the receivers and liquidators as managers of the insolvent Griffin
Coal.
(1) As at 9 October
2023, have any additional fiscal grants been sought or requested by the
receivers or liquidators of the insolvent Griffin Coal?
(2) As at 9 October
2023, have any additional fiscal grants been afforded to the receivers or
liquidators as managers of the insolvent Griffin Coal?
(3) If yes to (1), what additional grant has been
directed, on what date, and for what specific purpose or rationale?
(4) As at 9 October
2023, how much fiscal drawdown has occurred on the total sum of government
grants to the receivers or liquidators as managers of the insolvent Griffin
Coal?
(5) On what dates
did the drawdowns occur, what were the specific amounts relevant to date, and
to what entity, individual, business or contractor were the payments made?
LIQUIDATOR
1213. Hon Dr STEVE THOMAS to the minister representing the
Minister for State and Industry Development, Jobs and Trade:
I refer to my question without
notice 986 of 31 August 2023, which established that an extraordinary $27.3 million dollars of taxpayers' money has been
paid to the receivers and liquidators as managers of the insolvent Griffin
Coal.
(1) As at 9 October
2023, have any additional fiscal grants been sought or requested by the
receivers or liquidators of the insolvent Griffin Coal?
(2) As at 9 October
2023, have any additional fiscal grants been afforded to the receivers or
liquidators as managers of the insolvent Griffin Coal?
(3) If yes to (1), what additional grant has been
directed, on what date, and for what specific purpose or rationale?
(4) As at 9 October
2023, how much fiscal drawdown has occurred on the total sum of government
grants to the receivers or liquidators as managers of the insolvent Griffin
Coal?
(5) On what dates
did the drawdowns occur, what were the specific amounts relevant to date, and
to what entity, individual, business or contractor were the payments made?
AnswerView source ↗
I thank the honourable member for
some notice of the question.
(1)–(3) An
additional $3.2 million was drawn down by the receivers and managers on 22 September
2023 to fund costs essential for the ongoing operation of the mine, including
labour, fuel, and maintenance that were not covered by revenue generated. The
Department of the Premier and the Cabinet disbursed the amount following KPMG's
analysis of the shortfall.
(4)–(5) An
amount of $30.5 million has been drawn down to date by the receivers and managers
of Griffin Coal. This is composed of $7.3 million in March 2023, $9.7 million
in May 2023, $6.2 million in June 2023, $4.1 million in August 2023, and $3.2 million
in September 2023 in order to support continued mining operations and ensure
energy system security.
some notice of the question.
(1)–(3) An
additional $3.2 million was drawn down by the receivers and managers on 22 September
2023 to fund costs essential for the ongoing operation of the mine, including
labour, fuel, and maintenance that were not covered by revenue generated. The
Department of the Premier and the Cabinet disbursed the amount following KPMG's
analysis of the shortfall.
(4)–(5) An
amount of $30.5 million has been drawn down to date by the receivers and managers
of Griffin Coal. This is composed of $7.3 million in March 2023, $9.7 million
in May 2023, $6.2 million in June 2023, $4.1 million in August 2023, and $3.2 million
in September 2023 in order to support continued mining operations and ensure
energy system security.
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