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House of Assembly - Fifty-Second Parliament, First Session (52-1)
2011-02-23 Daily Xml
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FORESTRYSA

The Hon. I.F. EVANS (Davenport) (15:14): My question is again to the Treasurer. How will state debt not increase above the budgeted levels, if the forestry sale does not proceed?

The Hon. J.J. SNELLING (Playford—Treasurer, Minister for Employment, Training and Further Education) (15:14): We will have to have a look at what our options are at the time. Having said that, there is absolutely nothing new in this. If the sale does not proceed then we will have to look at what our options are. We will have to examine what the financial circumstances are at the time. We may be able to not proceed with the sale and have our AAA credit rating remain intact. I point out that the purpose of the sale, I think, potentially has tremendous benefits for the South-East, if it goes ahead. There is the potential there for enormous benefit, and for benefits for the future of the South-East timber industry. It is not purely a financial consideration when determining this policy.

The SPEAKER: I point out to honourable members that the teal ribbons today are for Ovarian Cancer Day, a very good cause and a very significant issue for women. The house will now note grievances. Member for Bragg.

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