Legislative Council, Wednesday 6 September 2023

Ms FORREST question to LEADER of the GOVERNMENT in the LEGISLATIVE COUNCIL, Mrs HISCUTT

With regard to the publicly available Early Works proposal lodged by Marinus Link P/L with the Australian Energy Regulator (AER), and given the ultimate intention for Marinus Link P/L is to be established via the three key shareholders (Federal, Tasmanian and Victorian Governments) contributing 6.7% equity (20% total), can the Government confirm:

(1) How the early works costs will be shared between those shareholders?

The Early Works proposal contains costs incurred by MLPL during the design and approvals phase of the project.

The existing shareholder of MLPL, the Tasmanian Government, is responsible for funding these early works costs.

Grant funding from the Commonwealth Government supports this expenditure on early works.

When the intending future ownership framework comes into effect, Tasmania’s funding will be considered in that context.

(2) When the early works costs will be shared between those shareholders?

To be determined and agreed by the existing and future shareholders.