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Parliamentary Questions

Question Without Notice No. 236 asked in the Legislative Council on 21 March 2019 by Hon Peter Collier

Parliament: 40 Session: 1

Answered on 21 March 2019

STATE BUDGET 2018–19 — GOVERNMENT MID-YEAR FINANCIAL PROJECTIONS STATEMENT —KEYSTART

236. Hon PETER COLLIER to the minister representing the Treasurer:

I refer to the Treasurer's answer to Legislative Assembly question on notice 4753 answered on 12 March 2019 regarding Keystart borrowing.

(1) Will the Treasurer confirm that the forecast new net borrowings in 2020–21 is only $2.3 million?

(2) Will the Treasurer confirm that the forecast net new borrowings in 2021–22 is negative $1.4 million?

(3) Will the Treasurer please explain why the net new borrowings of Keystart decline from $400 million in 2019–20 to $2.3 million in 2020–21?

(4) Is the government giving consideration to either a sale, securitisation or equitable assignment of some or all of Keystart's book; and, if yes, what is the government currently considering?

Hon STEPHEN DAWSON replied:

I thank the Leader of the Opposition for some notice of the question.

(1)–(2) Yes.

(3)–(4) Decisions made at the 2018–19 midyear review process have provided Keystart with sufficient lending capacity for the medium term, with the government exploring a range of opportunities to maintain Keystart's lending capacity across the forward estimates. This may include options to re-engage with the market to pursue further equitable assignments or access to other sources of capital.