PERTH MINT — GOLDEN VALLEY ENTERPRISE
951. Hon NICK GOIRAN to the Leader of the House representing
the Premier:
I
refer to the London Bullion Market Association's incident review
process conducted into Perth Mint and its erroneous identification of
Golden Valley Enterprise as ''medium risk''.
(1) Has Golden Valley Enterprise now been
re-identified as ''high risk'' by Perth Mint's management
systems?
(2) If yes to (1), what impact has
this had on Perth Mint's dealings with Golden Valley Enterprise?
(3) If no to (1), is Perth Mint
still contracted to purchase gold from Golden Valley Enterprise?
(4) On what date did the corrective
action plan commence at Perth Mint?
(5) Prior to the
LBMA IRP, who was the third party auditor for Perth Mint and when did this
third party auditor lose their LBMA-approved service provider status?
Hon SUE
ELLERY replied:
I thank the honourable member for
some notice of the question.
(1) Perth Mint
has ceased all dealings with Golden Valley Enterprise and is no longer sourcing
any materials from it.
(2)–(3) Not applicable.
(4) The LBMA
notified the Perth Mint on 7 August 2020 of its 90-day correction plan. This is
well underway.
(5) It was Bureau
Veritas. Matters concerning the accreditation of the third party auditor with
the LBMA are matters between it and the LBMA.