Hansard

Griffin Coal—Grant

25. Hon Dr Steve Thomas to the Leader of the House representing the Minister for State Development:

I refer to the Cook government's extraordinary $260 million taxpayer-funded bailout of the insolvent and foreign-owned Griffin Coal company. As at 7 April 2024:

(1) How much fiscal drawdown of the $260 million "grant" has been directed to or received by the receivers, liquidators and managers of the insolvent Griffin Coal?

(2) On what dates did the drawdowns occur, what were the specific amounts and for what specific purpose or service rendered?

(3) Have workers at Griffin Coal been offered or paid a retention bonus of $10,000 or any other figure in the last six months, and if so, when and what was the amount?

(4) If yes to (3), how much of the funding of the retention bonuses came from the government's grant to the receivers, liquidators and managers of Griffin Coal?

Hon Stephen Dawson replied:

I thank the honourable member for some notice of the question. Honourable member, this is provided on behalf of the Minister for State Development.

(1) As at 8 April 2025, $161.4 million has been provided to the receivers and managers of Griffin Coal.

(2) Funding is provided for the essential ongoing operations of the mine to secure the energy system to secure the energy system security and protect Collie jobs. Since the update provided to the Legislative Council on 13 November 2024, payments have been made on five occasions. I seek leave to have the dates and amounts of payments incorporated into Hansard.

Leave granted for the following material to be incorporated.

(3) The receivers and managers for Griffin Coal have advised the workforce that it is implementing a workforce retention package that will apply through to 30 June 2026. No retention bonuses have been paid in the last six months.

(4) Not applicable.