❓ Question about Verve Energy's loss forecast for 2007-08. Minister's response is evasive, leading to heated exchanges and disorder in parliament. The Minister avoids providing a clear answer, citing budget processes.
AnsweredQoN 144Legislative Assembly
QuestionView source ↗
VERVE ENERGY — LOSS FORECAST
(1) When did the minister become aware that Verve Energy would exceed its original $49 million loss forecast for 2007-08? (2) In light of Verve’s disastrous losses for the first six months of 2007-08, has the minister received an update of Verve’s expected losses for the full 2007-08 financial year? (3) If so, what is the latest update; and, if not, why has the minister failed to obtain such information? (4) Can the minister categorically rule out the government having to intervene through debt relief or other financial intervention to bail Verve out of its deepening financial crisis? Mr F.M. LOGAN
(1) When did the minister become aware that Verve Energy would exceed its original $49 million loss forecast for 2007-08? (2) In light of Verve’s disastrous losses for the first six months of 2007-08, has the minister received an update of Verve’s expected losses for the full 2007-08 financial year? (3) If so, what is the latest update; and, if not, why has the minister failed to obtain such information? (4) Can the minister categorically rule out the government having to intervene through debt relief or other financial intervention to bail Verve out of its deepening financial crisis? Mr F.M. LOGAN
AnswerView source ↗
(1)-(4) This is the sort of question we should have been asked by the member for Darling Range on Tuesday. Mr J.H.D. Day : It’s a question you did have, which you tried to evade. Mr F.M. LOGAN : Let us get it right. Several members interjected. The SPEAKER : I call the members for Roe and South Perth to order. Mr F.M. LOGAN : Let us go back to the question the member for Darling Range asked on Tuesday, which was: what is the expected loss of Verve Energy for this financial year, 2007-08? Because I was casting my mind back to last year — Dr G.G. Jacobs interjected. The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
(2) In light of Verve’s disastrous losses for the first six months of 2007-08, has the minister received an update of Verve’s expected losses for the full 2007-08 financial year? (3) If so, what is the latest update; and, if not, why has the minister failed to obtain such information? (4) Can the minister categorically rule out the government having to intervene through debt relief or other financial intervention to bail Verve out of its deepening financial crisis? Mr F.M. LOGAN replied: (1)-(4) This is the sort of question we should have been asked by the member for Darling Range on Tuesday. Mr J.H.D. Day : It’s a question you did have, which you tried to evade. Mr F.M. LOGAN : Let us get it right. Several members interjected. The SPEAKER : I call the members for Roe and South Perth to order. Mr F.M. LOGAN : Let us go back to the question the member for Darling Range asked on Tuesday, which was: what is the expected loss of Verve Energy for this financial year, 2007-08? Because I was casting my mind back to last year — Dr G.G. Jacobs interjected. The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
(3) If so, what is the latest update; and, if not, why has the minister failed to obtain such information? (4) Can the minister categorically rule out the government having to intervene through debt relief or other financial intervention to bail Verve out of its deepening financial crisis? Mr F.M. LOGAN replied: (1)-(4) This is the sort of question we should have been asked by the member for Darling Range on Tuesday. Mr J.H.D. Day : It’s a question you did have, which you tried to evade. Mr F.M. LOGAN : Let us get it right. Several members interjected. The SPEAKER : I call the members for Roe and South Perth to order. Mr F.M. LOGAN : Let us go back to the question the member for Darling Range asked on Tuesday, which was: what is the expected loss of Verve Energy for this financial year, 2007-08? Because I was casting my mind back to last year — Dr G.G. Jacobs interjected. The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
(4) Can the minister categorically rule out the government having to intervene through debt relief or other financial intervention to bail Verve out of its deepening financial crisis? Mr F.M. LOGAN replied: (1)-(4) This is the sort of question we should have been asked by the member for Darling Range on Tuesday. Mr J.H.D. Day : It’s a question you did have, which you tried to evade. Mr F.M. LOGAN : Let us get it right. Several members interjected. The SPEAKER : I call the members for Roe and South Perth to order. Mr F.M. LOGAN : Let us go back to the question the member for Darling Range asked on Tuesday, which was: what is the expected loss of Verve Energy for this financial year, 2007-08? Because I was casting my mind back to last year — Dr G.G. Jacobs interjected. The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr F.M. LOGAN replied: (1)-(4) This is the sort of question we should have been asked by the member for Darling Range on Tuesday. Mr J.H.D. Day : It’s a question you did have, which you tried to evade. Mr F.M. LOGAN : Let us get it right. Several members interjected. The SPEAKER : I call the members for Roe and South Perth to order. Mr F.M. LOGAN : Let us go back to the question the member for Darling Range asked on Tuesday, which was: what is the expected loss of Verve Energy for this financial year, 2007-08? Because I was casting my mind back to last year — Dr G.G. Jacobs interjected. The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
(1)-(4) This is the sort of question we should have been asked by the member for Darling Range on Tuesday. Mr J.H.D. Day : It’s a question you did have, which you tried to evade. Mr F.M. LOGAN : Let us get it right. Several members interjected. The SPEAKER : I call the members for Roe and South Perth to order. Mr F.M. LOGAN : Let us go back to the question the member for Darling Range asked on Tuesday, which was: what is the expected loss of Verve Energy for this financial year, 2007-08? Because I was casting my mind back to last year — Dr G.G. Jacobs interjected. The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr J.H.D. Day : It’s a question you did have, which you tried to evade. Mr F.M. LOGAN : Let us get it right. Several members interjected. The SPEAKER : I call the members for Roe and South Perth to order. Mr F.M. LOGAN : Let us go back to the question the member for Darling Range asked on Tuesday, which was: what is the expected loss of Verve Energy for this financial year, 2007-08? Because I was casting my mind back to last year — Dr G.G. Jacobs interjected. The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr F.M. LOGAN : Let us get it right. Several members interjected. The SPEAKER : I call the members for Roe and South Perth to order. Mr F.M. LOGAN : Let us go back to the question the member for Darling Range asked on Tuesday, which was: what is the expected loss of Verve Energy for this financial year, 2007-08? Because I was casting my mind back to last year — Dr G.G. Jacobs interjected. The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Several members interjected. The SPEAKER : I call the members for Roe and South Perth to order. Mr F.M. LOGAN : Let us go back to the question the member for Darling Range asked on Tuesday, which was: what is the expected loss of Verve Energy for this financial year, 2007-08? Because I was casting my mind back to last year — Dr G.G. Jacobs interjected. The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
The SPEAKER : I call the members for Roe and South Perth to order. Mr F.M. LOGAN : Let us go back to the question the member for Darling Range asked on Tuesday, which was: what is the expected loss of Verve Energy for this financial year, 2007-08? Because I was casting my mind back to last year — Dr G.G. Jacobs interjected. The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr F.M. LOGAN : Let us go back to the question the member for Darling Range asked on Tuesday, which was: what is the expected loss of Verve Energy for this financial year, 2007-08? Because I was casting my mind back to last year — Dr G.G. Jacobs interjected. The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Dr G.G. Jacobs interjected. The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
The SPEAKER : I call the member for Murray to order for the first time.
(2) In light of Verve’s disastrous losses for the first six months of 2007-08, has the minister received an update of Verve’s expected losses for the full 2007-08 financial year? (3) If so, what is the latest update; and, if not, why has the minister failed to obtain such information? (4) Can the minister categorically rule out the government having to intervene through debt relief or other financial intervention to bail Verve out of its deepening financial crisis? Mr F.M. LOGAN replied: (1)-(4) This is the sort of question we should have been asked by the member for Darling Range on Tuesday. Mr J.H.D. Day : It’s a question you did have, which you tried to evade. Mr F.M. LOGAN : Let us get it right. Several members interjected. The SPEAKER : I call the members for Roe and South Perth to order. Mr F.M. LOGAN : Let us go back to the question the member for Darling Range asked on Tuesday, which was: what is the expected loss of Verve Energy for this financial year, 2007-08? Because I was casting my mind back to last year — Dr G.G. Jacobs interjected. The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
(3) If so, what is the latest update; and, if not, why has the minister failed to obtain such information? (4) Can the minister categorically rule out the government having to intervene through debt relief or other financial intervention to bail Verve out of its deepening financial crisis? Mr F.M. LOGAN replied: (1)-(4) This is the sort of question we should have been asked by the member for Darling Range on Tuesday. Mr J.H.D. Day : It’s a question you did have, which you tried to evade. Mr F.M. LOGAN : Let us get it right. Several members interjected. The SPEAKER : I call the members for Roe and South Perth to order. Mr F.M. LOGAN : Let us go back to the question the member for Darling Range asked on Tuesday, which was: what is the expected loss of Verve Energy for this financial year, 2007-08? Because I was casting my mind back to last year — Dr G.G. Jacobs interjected. The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
(4) Can the minister categorically rule out the government having to intervene through debt relief or other financial intervention to bail Verve out of its deepening financial crisis? Mr F.M. LOGAN replied: (1)-(4) This is the sort of question we should have been asked by the member for Darling Range on Tuesday. Mr J.H.D. Day : It’s a question you did have, which you tried to evade. Mr F.M. LOGAN : Let us get it right. Several members interjected. The SPEAKER : I call the members for Roe and South Perth to order. Mr F.M. LOGAN : Let us go back to the question the member for Darling Range asked on Tuesday, which was: what is the expected loss of Verve Energy for this financial year, 2007-08? Because I was casting my mind back to last year — Dr G.G. Jacobs interjected. The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr F.M. LOGAN replied: (1)-(4) This is the sort of question we should have been asked by the member for Darling Range on Tuesday. Mr J.H.D. Day : It’s a question you did have, which you tried to evade. Mr F.M. LOGAN : Let us get it right. Several members interjected. The SPEAKER : I call the members for Roe and South Perth to order. Mr F.M. LOGAN : Let us go back to the question the member for Darling Range asked on Tuesday, which was: what is the expected loss of Verve Energy for this financial year, 2007-08? Because I was casting my mind back to last year — Dr G.G. Jacobs interjected. The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
(1)-(4) This is the sort of question we should have been asked by the member for Darling Range on Tuesday. Mr J.H.D. Day : It’s a question you did have, which you tried to evade. Mr F.M. LOGAN : Let us get it right. Several members interjected. The SPEAKER : I call the members for Roe and South Perth to order. Mr F.M. LOGAN : Let us go back to the question the member for Darling Range asked on Tuesday, which was: what is the expected loss of Verve Energy for this financial year, 2007-08? Because I was casting my mind back to last year — Dr G.G. Jacobs interjected. The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr J.H.D. Day : It’s a question you did have, which you tried to evade. Mr F.M. LOGAN : Let us get it right. Several members interjected. The SPEAKER : I call the members for Roe and South Perth to order. Mr F.M. LOGAN : Let us go back to the question the member for Darling Range asked on Tuesday, which was: what is the expected loss of Verve Energy for this financial year, 2007-08? Because I was casting my mind back to last year — Dr G.G. Jacobs interjected. The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr F.M. LOGAN : Let us get it right. Several members interjected. The SPEAKER : I call the members for Roe and South Perth to order. Mr F.M. LOGAN : Let us go back to the question the member for Darling Range asked on Tuesday, which was: what is the expected loss of Verve Energy for this financial year, 2007-08? Because I was casting my mind back to last year — Dr G.G. Jacobs interjected. The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Several members interjected. The SPEAKER : I call the members for Roe and South Perth to order. Mr F.M. LOGAN : Let us go back to the question the member for Darling Range asked on Tuesday, which was: what is the expected loss of Verve Energy for this financial year, 2007-08? Because I was casting my mind back to last year — Dr G.G. Jacobs interjected. The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
The SPEAKER : I call the members for Roe and South Perth to order. Mr F.M. LOGAN : Let us go back to the question the member for Darling Range asked on Tuesday, which was: what is the expected loss of Verve Energy for this financial year, 2007-08? Because I was casting my mind back to last year — Dr G.G. Jacobs interjected. The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr F.M. LOGAN : Let us go back to the question the member for Darling Range asked on Tuesday, which was: what is the expected loss of Verve Energy for this financial year, 2007-08? Because I was casting my mind back to last year — Dr G.G. Jacobs interjected. The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Dr G.G. Jacobs interjected. The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
The SPEAKER : I call the member for Roe to order for the second time. Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr F.M. LOGAN : Because I was casting my mind back to last year and the statement of corporate intent that was tabled in this house, I indicated to the house that the expected loss was approximately $50 million. The actual statement of corporate intent figures — Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr C.J. Barnett : You’re not telling the truth. There was a loss of $40 million already. The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
The SPEAKER : I call the member for Cottesloe to order for the second time. Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr F.M. LOGAN : This is the problem — Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr C.J. Barnett interjected. The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
The SPEAKER : I call the member for Cottesloe to order for the third and final time. Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr F.M. LOGAN : This is the problem when a frustrated opposition does not ask the right question. I cannot help the member for Darling Range write his questions. The member for Darling Range should get his questions right in the first place. He asked a very simple question about Verve’s projected losses for 2007-08 and I provided him with that information from the information that was tabled in the house last year, which was the statement of corporate intent. I said that the loss was approximately $50 million; it was in fact $49 million. The question the member for Darling Range was really asking—after he read an article in The West Australian last Saturday that referred to the potential operational loss by Verve of $40 million—was: “Can you tell us now what is the projected loss for the rest of the financial year?” That is what his real question was but he did not frame it properly. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
The SPEAKER : Order, members! Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr F.M. LOGAN : I went back to Verve and asked what its loss was for the six months of the financial year to December 2007, and it was indeed $39.5 million. Given that I tabled in this house last year a statement of corporate intent that stated the projected loss was $49 million and given that for the first six months of the financial year Verve’s loss—as I am indicating to the member now—was $39.5 million, the member for Darling Range, like I can, can work out that for the rest of the financial year its operational loss will be more than the figure in the statement of corporate intent. Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Several members interjected. The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
The SPEAKER : Order, members! Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr F.M. LOGAN : The next question that the member is asking is: “Given that Verve has now highlighted that its loss for the six months to December 2007 was $39.5 million, what is the loss for the second part of the financial year?” Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr M.J. Cowper : What are you hiding? Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr F.M. LOGAN : I do not have those figures, and even if I did — Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Several members interjected. The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
The SPEAKER : Order, members! Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr T. Buswell : You would be sacked from any organisation in the world—incompetent! The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
The SPEAKER : I call the Leader of the Opposition to order for the second time and the Deputy Leader of the Opposition to order. Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr F.M. LOGAN : The member for Vasse is a big kid. Why does he not grow up? He just cannot stop interjecting. Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr M.J. Cowper interjected. The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
The SPEAKER : Member for Murray! Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
Mr F.M. LOGAN : Those figures have not been provided to me; however, even if they were, I would not provide them to the member for Darling Range because they go into the budget process. The member for Darling Range will find out more when Verve releases its third quarterly figures and when the Treasurer hands down the budget. The SPEAKER : I call the member for Murray to order for the first time.
The SPEAKER : I call the member for Murray to order for the first time.
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