❓ The WA parliamentary question seeks data on building industry liquidations and Housing Indemnity Insurance (HII) payouts and fund status from 2017-18 to 2022-23, revealing increasing financial strain.
AnsweredQoN 1747Legislative Council
QuestionView source ↗
I refer to the building industry and I ask: (a) for each year from 2017-18 to 2022-23, how many residential home builders have gone into liquidation; (b) for each year from 2017-18 to 2022-23, how many builders have gone into liquidation; (c) from 2017-18 to 2022-23, how many Housing Indemnity Insurance (HII) payouts have been made each year, and to what total value each year; (d) from 2017-18 to 2022-23, what has been the balance of the HII fund as at June 30 each year; (e) from 2017-18 to 2022-23, what has been the assessed future claims liability of the HII fund as at annual assessment each year; and (f) how is the HII future claims liability calculated?
AnswerView source ↗
Answered
27 February 2024
Responded by
Minister for Commerce
Response time
8 days
Answer
(a)-(e)
Year
(a)
(b)
(c)
(d)
(e)
2017-18
28
Data not available
416
$12.0m
$21.3m
$20.1m
2018-19
26
Data not available
363
$11.1m
$27.3m
$20.0m
2019-20
22
Data not available
454
$14.8m
$30.8m
$18.7m
2020-21
17
Data not available
411
$11.2m
$53.9m
$28.1m
2021-22
16
27
327
$14.3m
$66.1m
$42.0m
2022-23
23
27
359
$24.7m
$59.9m
$54.3m
f) The methods used are the intellectual property of the actuary who independently calculates this figure.
(a)-(e)
Year
(a)
(b)
(c)
(d)
(e)
2017-18
28
Data not available
416
$12.0m
$21.3m
$20.1m
2018-19
26
Data not available
363
$11.1m
$27.3m
$20.0m
2019-20
22
Data not available
454
$14.8m
$30.8m
$18.7m
2020-21
17
Data not available
411
$11.2m
$53.9m
$28.1m
2021-22
16
27
327
$14.3m
$66.1m
$42.0m
2022-23
23
27
359
$24.7m
$59.9m
$54.3m
f) The methods used are the intellectual property of the actuary who independently calculates this figure.
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