Building Indemnity Insurance

In reply to Mr MARSHALL (Dunstan—Leader of the Opposition) (28 July 2015). (Estimates  Committee  A)

The Hon. A. KOUTSANTONIS (West Torrens—Treasurer, Minister for Finance, Minister for State Development, Minister for Mineral Resources and Energy):

The government continues to underwrite the Building Indemnity Insurance (Bll).

The risk to the taxpayer is that claims and expenses exceed the amount of premium written and income generated from investments.

For the financial year ending 30 June 2015 SAFA generated a loss with respect to BII of $3.8 million, which was offset by a receivable from me in my capacity as Treasurer.