Wittenoom to Close to Address Asbestos Issues

Picture Courtesy: Google Map Former asbestos mining town Wittenoom will close, ending one of WA’s saddest chapters in its history. The McGowan Government announced plans to finalise the town’s closure with the introduction of the Wittenoom Closure Bill 2019, to enable the compulsory acquisition of the remaining 17 privately owned lots in the former townsite.…

State credit rating improvement after Government’s fiscal resolve

An announcement made today was welcomed by Treasurer, Ben Wyatt, as the McGowan Government achieves strong fiscal resolve towards their budget repair goal. “The improved outlook for the State’s credit rating is a strong endorsement of the McGowan Labor Government’s responsible approach to economic and financial management, which is delivering benefits for all Western Australians,”…

WA Government PEXA Share Sale Funds to Boost Metronet

WA’s Metronet projects will receive a funding boost from the sale of its shares in Property Exchange Australia (PEXA). The McGowan Government has sold its 11.8 per cent shareholding in PEXA after finalising the sale this week, receiving $185 million dollars in the sale. The money received in the sale will go Metronet projects currently…

First female CEO for WA Treasury Corporation

A new Chief Exeecutive Officer of the WA Treasury Corporation has been appointed, as Kaylene Gulich becomes the first female CEO in the organisation’s history, commencing a five year term, beginning on Febuary 4th, 2019. After a nationwide recruitment process led by the WATC board, Ms Gulich was selected as the best person to lead the…

Wyatt Claims More Returning to Work Despite Rise in Jobless Rate

The State Government has rejected a rise in WA’s unemployment rate, claiming more people are looking for work as the state’s economy recovered. WA Treasurer Ben Wyatt said that there had been employment growth despite the increasing unemployment rate and more people were returning to work as the government’s budget measures improved its finances. The…

Mid-Year Review Predicts WA Budget Headed for Early Surplus

WA’s finances can expect a return to the black a year earlier than expected, with the McGowan government revealing substantial surplus in the state’s books next financial year. The State Government revealed a $1.02 billion surplus in its mid-year review on Thursday, following Premier Mark McGowan’s earlier suggestions that WA could revel in a substantial…

McGowan Government Reveals Changes to Cabinet

The State Government has announced minor changes to its Cabinet in an effort to continue government stability. Premier Mark McGowan revealed the portfolio adjustments on Thursday that will strengthen the focus of Government’s agenda, balance workloads for Ministers, highlight the importance of the budget and Metronet. The changes include Treasurer Ben Wyatt passing the Energy…

WA Gets Fairer GST Share as Distribution Changes Pass Senate

The Federal Government’s changes to the GST carve-up have cleared parliament, with the new laws set to give Western Australia a fairer deal. The laws passed the Senate on Wednesday morning, supported by the entire coalition, Labor, Greens and One Nation. WA Labor Senator and acting Senate President Sue Lines declared the bill passed with…

ANALYSIS: Is It Time To For WA Government To Lower Power Bills?

ANALYSIS BY: Elson Goh, Curtin University instructor and certified financial planner. We have all heard the good news that WA may be returning to budget surplus sooner than expected. This news is further enhanced by the announcement that the government will be spending some of the money on keeping power bills low. It has been established…