INSURANCE COMMISSION — BELL RESOURCES SETTLEMENT
609. Hon Dr STEVE THOMAS to the minister representing the
Treasurer:
I understand that the answer to my
question may not be provided until next week.
I refer to the Bell Resources
settlement given to the Insurance Commission of Western Australia—ICWA—on
11 September 2020 of $665.4 million and the
evidence given by the Insurance Commission of Western Australia to the
Standing Committee on Estimates and Financial Operations yesterday, 1 September
2021, in a public hearing.
(1) Can the Treasurer confirm the evidence of ICWA
yesterday that the cost of the litigation to the government was $292 million?
(2) If no to (1), what was the cost?
(3) What was the amount of money
returned to ICWA from the Bell Resources settlement?
(4) What was the net return to ICWA
of the Bell Resources settlement after costs were taken out?
(5) Can the Treasurer confirm the statement by ICWA
yesterday that the board of ICWA is yet to make a decision about what
dividend it will pay to the state government from the net returned Bell
Resources funds?
Hon SUE
ELLERY replied:
I
thank the honourable member for some notice of the question, on behalf of the
minister representing the Treasurer. I was advised that he was advised
that the Treasurer was not available to answer questions today, so I do not
have an answer, but I am sure we will get one on Tuesday.