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Parliamentary Questions


Question Without Notice No. 1362 asked in the Legislative Council on 20 November 2019 by Hon Dr Steve Thomas

Parliament: 40 Session: 1

GST DISTRIBUTION — IRON ORE PRICE

1362. Hon Dr STEVE THOMAS to the minister representing the Treasurer:

I refer to the answers to my questions without notice 13, 80, 656, 938, 961 and 1142 this year on the 2019 mini boom of iron ore royalties.

(1) Does the Treasurer agree with the statement made by the Under Treasurer in the agency estimates hearing last week on 13 November that if it were not for the 2019 mini boom of iron ore prices, there would have been a budget deficit and additional borrowings in 2018–19?

(2) Does the Treasurer agree with the Under Treasurer that if the state had not got that level of iron ore royalty revenue, borrowings would have been higher by an equivalent amount?

(3) Is any of the 2019 windfall in iron ore royalty revenue, as described by the Under Treasurer, being used to fund Labor's recent funding announcements, including payroll tax relief, stamp duty rebates or school and health maintenance and upgrades?

Hon STEPHEN DAWSON replied:

That was a good long list.

The PRESIDENT: It was not a PFAS question today!

Hon STEPHEN DAWSON: Thank heavens for small mercies!

I thank the honourable member for some notice of the question. The following answer is provided on behalf of the Treasurer.

(1) The 2018–19 surplus is a result of the McGowan government's good financial management, underpinned by tight expenditure control.

(2) Refer to the answer to part (1).

(3) Recent funding announcements have been made possible by the McGowan government's good financial management, underpinned by tight expenditure control.