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Western Health: investments
February 03, 2010

Western Health: investments

 

Mr FINN (Western Metropolitan) -- My question is to the Treasurer. I refer the Treasurer to questions put to him about Lehman Brothers and subprime investments by the board of Western Health in 2007 and 2008. Can the Treasurer confirm that he received advice from Western Health board member, Ms Jill Hennessy, about these investments, and will the Treasurer now reveal the true value of those investments, what impact the losses had on hospital finances and whether Treasury had to fill the gap?

Mr LENDERS (Treasurer) -- I thank Mr Finn for his question.

I am very disappointed at the opposition's vote of no confidence in the spokesperson in this way; Mr Rich-Phillips at least does not get into grubby, gutter tactics during a by-election and besmirch individuals while dishing out big doses of sanctimonious tripe as the opposition tends to like to do in this sort of environment. In response to Mr Finn's question dealing with a very complicated interface of governance, the global financial crisis and this state responding to it, I have not communicated at all with the said member of the Western Health board.

Supplementary question

Mr FINN (Western Metropolitan) -- Will the Treasurer release the advice he has received from his department about the state of finances of Western Health after its subprime fiasco and about potential breaches of the Financial Management Act by the board of Western Health?

Mr LENDERS (Treasurer) -- Mr Finn, for the first time to my knowledge in his time in this Parliament, is showing at least the slightest interest in Western Health. I have stood in question time in this Parliament probably 170 times since the last election. We have probably had 170 adjournment debates since the last election and we have had an equal number of opportunities for members statements. Unless I missed it, Mr Finn has been remarkably mute -- --

Mrs Peulich -- On a point of order, President, the standing order says that a minister should not use a question without notice as an opportunity to attack the opposition.

The PRESIDENT -- Order! Mrs Peulich is correct in her view of the standing order, but it is actually about overtly attacking the opposition or a member in their question. I do not consider the response to date to be overtly critical.

Mrs Peulich -- On the point of order, President, you cannot be half correct.

The PRESIDENT -- Order! In fact Mrs Peulich can be half correct on this issue.

 

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