AU WA A1117 - ALINTAGAS SALE STEERING COMMITTEE

Identity area

Type of entity

Corporate body

Legal Status Text

Committee/Board

Authorized form of name

ALINTAGAS SALE STEERING COMMITTEE

Other form(s) of name

Description identifier

AU WA A1117

Description area

Dates of existence

1999-01-01 - 2000-12-13

History

The AlintaGas Sale Steering Committee (ASSC) was established in January 1999 by Cabinet to advise the Government on the sale of the Gas Corporations's businesses and to implement the sale process agreed to by government. The ASSC reported to the Minister for Energy. The Committee was composed of the following principal members;

Dr Des Kelly - Chairman

Dr Les Farrant - Coordinator of Energy, Office of Energy

Mr John Langoulant - Under Treasurer, Treasury Department

Mr Phil Harvey - Chief Executive Officer, Gas Corporation.

In June 1999, the ASSC made recommendations on the sale process to the Government. Consequently, Cabinet approved of the sale by way of Cornerstone/Initial Public Offer (IPO) process and introduction of legislation into Parliament on 1 July 1999.

Following government approval - that 45% of stapled securities in AlintaGas Limited be offered to a cornerstone investor and 55% of stapled securities be offered to the public - the ASSC commenced the IPO process.

Summary of Sale:

1 July 2000 - assets and liabilities of Gas Corporation relating to ongoing conduct of gas distribution and gas trading businesses were transferred to the AlintaGas Ltd group of companies.

31 July 2000 - the Cornerstone Investor was chosen.

29 September 2000 - the IPO was completed.

17 October 2000 - the purchase of the Cornerstone Shareholding was completed. West Australia Gas Holdings P/L was the successful bidder.

15 December 2000 - Gas Corporation was wound up.

13 December 2000 - the final ASSC meeting was held.

Places

Functions, occupations and activities

Mandates/sources of authority

Creation: Gas Corporation (Business Disposal) Act 1999

Internal structures/genealogy

General context

Relationships area

Related entity

AU WA A961 - OFFICE OF ENERGY (1991-01-01 -)

Identifier of the related entity

AU WA A961

Category of the relationship

Superior

Dates of the relationship

2000-12-13 -

Description of relationship

Related unit of description

Series S2952 - FILES - MINISTERIAL - CIRCULARS

Role

Controlling

Description of relationship

Dates of relationship

1990-12-20 - 1993-02-16

Related unit of description

Series S2737 - ALINTAGAS SALE STEERING COMMITTEE - ADMINISTRATIVE FILES

Role

Creation

Description of relationship

Dates of relationship

1996-12-19 -

Related unit of description

Series S2738 - DATAROOM FILES

Role

Creation

Description of relationship

Dates of relationship

1998-12-10 - 2000-10-16

Control area

Rules and/or conventions used

Status

Final

Level of detail

Dates of creation, revision and deletion

Sources

Archivist's notes