Question On Notice No. 52 asked in the Legislative Council on 13 June 2017 by Hon Robin Chapple
Question Directed to the: Minister for Environment representing the Treasurer
Parliament: 40 Session: 1
Question
I refer to the Report on consultants engaged by Government for the six months ended 30 June 2016, and ask:
(a) will the Minister please provide an itemisation of expenditure on financial advice provided by Deloitte Touche Tohmatsu on the sale of Utah Point;
(b) will the Minister please provide an itemisation of expenditure on financial advice provided by Rothschild/Deloitte on the sale of Fremantle Port and Utah Point;
(c) will the Minister please provide information and itemisation of expenditure on any financial advice provided on the sale of Fremantle Port and Utah Point not included in this document;
(d) will the Minister please table any reports produced by the consultants; and
(e) if no to (d), why not?
Answered on 15 August 2017
(a) Deloitte Touche Tohmatsu – Utah Point Sale – six months to 30 June 2016:
| Detail | Cost |
| Professional Services to 30 April 2016 – Separation and Optimisation Advice | $219,082 |
| Accrual May and June | $56,000 |
| Sub-Total | $275,082 |
| GST | $27,508 |
| Total | $302,590 |
(b) Rothschild/Deloitte – six months to 30 June 2016:
| Detail | Cost |
| | Total | Fremantle | Utah |
| Phase 2 Fee December 2015 | $164,091 | $106,659 | $57,432 |
| Phase 2 & 3 Fee January 2016 | $66,000 | $29,250 | $36,750 |
| February charges | $182,500 | $129,125 | $53,375 |
| March charges | $200,000 | $145,750 | $54,250 |
| April charges | $200,000 | $145,750 | $54,250 |
| May charges | $200,000 | $142,250 | $57,750 |
| June charges | $202,750 | $145,000 | $57,750 |
| Sub-Total | $1,215,341 | $843,784 | $371,557 |
| GST | $121,534 | $84,378 | $37,156 |
| Total | $1,336,875 | $928,162 | $408,713 |
(c)
- Utah Point sale – other financial advice – Accounting advice from Deloitte – six months to 30 June 2016
| Detail | Cost |
| Deloitte Invoice 1-2033537 | $15,000 |
| Deloitte Invoice period to Apr 2016 | $28,272 |
| Sub-Total | $43,272 |
| GST | $4,327 |
| Total | $47,599 |
- Fremantle Ports sale – other financial advice – Accounting & Tax advice from PricewaterhouseCoopers – six months to 30 June 2016:
| Detail | Cost |
| PWC 36550527 Fremantle Port - Accounting & Tax - Services for January & February 2016 | $73,857 |
| PWC 36550949 March 2016 and April 2016 progress fee for professional services | $37,793 |
| PWC 36551231 Fremantle Port - Accounting & Tax Services - May 2016 | $105,200 |
| Accrual June - estimate | $150,000 |
| Sub-Total | $366,850 |
| GST | $36,685 |
| Total | $403,535 |
(d) No.
(e) Reports provided by the consultants in question are considered commercial-in-confidence and as such cannot be tabled. The Reports contain highly sensitive commercial information which if disclosed, has the potential to compromise the State Government’s position in current and future commercial relationships.