INSURANCE COMMISSION OF
WESTERN AUSTRALIA — BELL GROUP LIQUIDATIONS
1267. Hon NICK GOIRAN to the minister representing the
Treasurer:
I
refer to the ''Annual Report 2020'' for the Insurance Commission
of Western Australia with regard to the Bell litigation.
(1) Of the $665.4 million, how much
covers the legal fees that ICWA funded?
(2) Of the $665.4 million, how much
was payable to the Australian Taxation Office?
(3) How much is
left after the legal fees paid by the Insurance Commission of Western Australia
and payment to the Australian Taxation Office have been deducted?
Hon
STEPHEN DAWSON replied:
I thank the honourable member for
some notice of the question.
(1) The $665.4
million received represents the insurance commission's share of the
liquidation settlement scheme arrangement.
Over the 25 years between 1995 and 2020, the insurance commission paid Bell-related
expenses of $291.1 million.
(2) None.
(3) The amount of $665.4 million.