Panicked Labor wrong again on Mersey funding
 

4 December 2018

There is no risk to future funding of the Mersey Hospital.

Tascorp’s investment strategies for the Mersey Community Hospital Fund will provide for payments to the Government up to and including the 10th year which is consistent with what the Government said when we took over the MCH.

For Labor to try and cause panic over a record funding deal shows how out of touch and desperate they have become.

There can be fluctuations in the annual rate of return from time to time given changes in market conditions.

I also explained to the Estimates Committee today that when the fund comes to an end, provision for replacement funding will be made in the State Budget to ensure that there is no impact on the Mersey’s operations and services, and it will effectively represent less than a 1 per cent call on the Budget.

It begs the question - where did Labor think the ongoing operations of the Mersey were going to be funded from? Or was it their plan to shut it down if they were in Government in ten years?

It’s time Labor supported that this Government has achieved what they couldn’t - a record funding deal from the Commonwealth to bring the Mersey back into state hands where it belongs.

Latest news

West Coast takes off

26 March 2019 The Hodgman Liberal Government is a strong supporter of growing tourism on the West Coast, and we are enabling th…

Mount Wellington Cable Car Authority issued

22 March 2019 I have today granted the Mount Wellington Cableway Company an Authority that enables it to access Wellington Park…

A step forward in seeing a cable car become a reality

21 March 2019 A cable car on Kunanyi/Mt Wellington has been discussed for more than 100 years. It’s time a proposal is properly…