Ministerial Statement

MOTOR ACCIDENT COMMISSION

The Hon. K.O. FOLEY (Port Adelaide—Deputy Premier, Treasurer, Minister for Industry and Trade, Minister for Federal/State Relations) (15:18): I seek leave to make a very brief ministerial statement.

Leave granted.

The Hon. K.O. FOLEY: During question time, the shadow finance minister asked me a question.

An honourable member: Shadow treasurer.

The Hon. K.O. FOLEY: Sorry; I keep forgetting. I thought Rob Lucas was shadow treasurer. I see Rob Lucas as shadow treasurer.

The Hon. A. Koutsantonis: He is the shadow treasurer.

The Hon. K.O. FOLEY: Yes; Rob Lucas is. I am advised that at 31 August there had been an improvement in the performance of the Motor Accident Commission and that, in fact, the sufficient solvency requirements had increased to 94.3 per cent, so there was an improvement. It has 107 per cent solvency ratio in terms of assets over liabilities, so it is in a good position, and it is returning to a very solvent position.